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- LoopNet Team
2525 Mt Moriah Rd
Memphis, TN 38115
Dobbs Auto Nation · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Mission Critical Location - Central Location of all of AutoNation's Memphis Collision Work
- E-Commerce Resistant
- Tenant Also Owns and Occupies the Adjacent Property (Ford Dealership)
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 2525 MT MORIAH RD , MEMPHIS, TN 38115
Fortis Net Lease is proud to present 2525 MT Moriah and 5133 American Way. in Memphis, TN, a freestanding single-tenant Auto Collision Center and Used Vehicle Dealership, leased to Penske Automotive Group and sublet to AutoNation, Inc, America’s largest automotive retailer. As of December 31, 2016, AutoNation, Inc. owns and operates 371 new vehicle franchises from 260 stores located in the United States. The property is comprised of 2 buildings totaling, a used car showroom and a Service and Collision Center. This property is encumbered by a 4-year triple net lease guaranteed by Penske Automotive Group and subleased to AutoNation. This location is mission-critical for AutoNation's Memphis operations because they have centralized all of their collision work to this location. The tenant has occupied property since 1999. AutoNation owns and operates 4 dealerships in Memphis as well as many service centers that include AutoNation Ford Memphis, AutoNation Nissan Memphis, AutoNation GMC Mendenhall, AutoNation Ford Wolfchase, and AutoNation Memphis Service Center, all of which send their collision and bodywork to this location.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $694,880 | |
| Land Assessment | $446,760 | Total Assessment | $1,141,640 |
PROPERTY TAXES
