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This Retail Property is no longer advertised on LoopNet.ca.

5653 Mount Moriah Rd
Memphis, TN 38115

Retail Property For Sale

Investment Highlights

  • SINGLE TENANT MAACO COLLISION REPAIR
  • PASSIVE, MANAGEMENT-FREE LEASE
  • TEN YEAR LEASE TERM COMMENCED MAY 2021
  • PRICED AT $1,061,946 / 5.65% INITIAL CAP RATE
  • RENT INCREASES EVERY 5 YEARS
  • EXPERIENCED OPERATOR WITH TEN YEARS OF EXPERIENCE AND SEVEN LOCATIONS

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,392 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.16 AC
Zoning
CMU-1
Parking
30 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
163 ft on Mount Moriah Rd

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-4090-0-0081
Land Assessment
$96,702
Improvements Assessment
$189,391
Total Assessment
$286,093
  • Listing ID: 24137832

  • Date on Market: 2021-09-21

  • Last Updated:

  • Address: 5653 Mount Moriah Rd, Memphis, TN 38115

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