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- LoopNet Team
1919 Covington Pike
Memphis, TN 38128
Service King Collision Repair Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10,478 SF Service King Collision Repair Center on 1.41 Acres
- Blackstone Group is a Majority Shareholder of Service King
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT 1919 COVINGTON PIKE , MEMPHIS, TN 38128
Fortis Net Lease is pleased to present a Service King Collision and Repair Center at 1919 Covington Pike in Memphis, TN. The subject property is strategically located on high-traffic Covington Pike, a main thoroughfare of northeast Memphis, with over 30,000 VPD. Interstate-40 is also directly south of the subject property with more than 104,000 VPD. The property is situated in a very dense automotive corridor, with over 20 automotive surrounding retail tenants including Kia, Honda, Mazda, Volkswagon, Audi, Chrysler/Dodge, GMC Hertz, Automax, Enterprise, Chevy, Nissan and Subaru., The surrounding area has over 201,000 residents within 5 miles. The average household income within 1 mile exceeds $67,000. Service King is a national collision repair company founded in 1976. Service King, through opening new stores and acquiring smaller repair chains, has grown to over 340 locations in 22 states. Global investment and advisory group Blackstone purchased majority ownership of Service King in July of 2014 and remain the majority owner.
PROPERTY TAXES
| Parcel Number | 08-8039-0-0017 | Improvements Assessment | $254,160 |
| Land Assessment | $220,760 | Total Assessment | $474,920 |
PROPERTY TAXES
