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Details: Retail

Asking Price: $3,203,000

Square Feet: 29,300 SF

Asking Cap Rate: 8.00%

Year Built: 1990

Year Renovated: 2004

NOI: $256,237

Cordova Collision / Hertz

1831 Getwell Rd, Memphis, TN 38111

  • Modified NNN (Minimal Landlord Responsibilities)
    • Roof and Structure
  • Annual Rental Escalations
    • Collision Right: 2% Increases Annually
    • Hertz: 3% Increases Annually
  • Significant Term Remaining
    • Collision Right: 9 Years
    • Hertz: 6 Years
  • Both Leases Corporately Guaranteed
  • Located Just Off the Getwell Rd Exit of I-240
  • Strong Population in Trade Area
    • 3 Miles: 92,962
    • 5 Miles: 207,792
  • Strong Traffic Counts
    • Getwell Rd: 49,882
    • I-240: 136,426
  • Excellent Visibility from Getwell Rd
  • Located Less Than 5 Miles from Memphis International Airport Rental Car Return, Providing Built in Customer Base

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