11060 Highway 51 S | Atoka, TN 38004
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- LoopNet Team
11060 Highway 51 S
Atoka, TN 38004
AutoZone - Recent Lease Extension · Retail Property For Sale
Investment Highlights
- Early Extension – AutoZone just recently extended their lease 5-years early
- Below Market Rent – The subject property is paying just $10.70 / SF. According to CoStar market rent is $13.50 / SF
- Investment Grade Credit Tenant – AutoZone has an investment grade credit rating of BBB (S&P)
- Fee Simple Investment – Most AutoZone properties are subject to a ground lease whereas the owner is not able to depreciate the building
- Income Tax-Free State – Tennessee is one of 7 states without an income tax
- Memphis Suburb – Atoka is a northern suburb of Memphis with an average household income of $88,000 annually
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,450 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.68 AC
Zoning
C
Parking
42 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
58’ on Highway 51 S
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 111C-B-027.00 | Improvements Assessment | $200,560 |
| Land Assessment | $118,480 | Total Assessment | $319,040 |
Property Taxes
Parcel Number
111C-B-027.00
Land Assessment
$118,480
Improvements Assessment
$200,560
Total Assessment
$319,040
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