Take 5 Oil Change

2041 Whitten Rd Memphis, TN 38133

2041 Whitten Rd, Memphis, TN, 38133
2041 Whitten Rd, Memphis, TN, 38133 2041 Whitten Rd, Memphis, TN, 38133 2041 Whitten Rd, Memphis, TN, 38133 2041 Whitten Rd, Memphis, TN, 38133 2041 Whitten Rd, Memphis, TN, 38133 2041 Whitten Rd, Memphis, TN, 38133
FOR SALE
Property Type:
Big Box Retail
Amount:
$1,412,050
Last Verified:
Jan 13, 2025

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Highlights

  • 2022 Development Take 5 Oil Change With 7+ Years Remaining on Primary Term
  • Blended 6.61% Cap Rate Through the Primary Term With the Upcoming 8% Rental Increase in 2027
  • Experienced Take 5 Franchisee With 60 Units In Multiple States Including Tennessee, North Carolina, and Mississippi
  • Dense 5 Mile Demographics With 185K+ Residents and an Average Household Income of $99,000+
  • Strong Retail Area Including Walmart, AutoZone, Family Dollar, Dollar Tree and Many More Generating Additional Traffic to the Area
  • Situated Along Whitten Road With Impressive Traffic Counts of 23,170 VPD Directly in Front of Subject Property
  • Located 13 Miles West of Memphis - the Second Largest City in Tennessee With an MSA Population of 1.3M+ Residents

Description

tbd

TBD


Year Built: 2022
Building Size: 1546sq ft
Lot Size: 0.66 acres


Documents

Offering Memorandum

Map of 2041 Whitten Rd, Memphis, TN, 38133

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.