2640 Kirby Whitten Rd
Memphis, TN 38133
Jiffy Lube - 7% Cap 10% Bumps - 11+ Years · Retail Property For Sale

Bailey Real Estate Advisors is pleased to present the Jiffy Lube located at 2640 Kirby Whitten Rd, Memphis, Shelby County, Tennessee, 38134. The Property is 0.78 acres and has a free-standing auto lube service building with concrete and asphalt parking and drives. The property is of masonry construction with a built-up roof. The auto lube center is occupied by a Team Car Care (540 Units) operating as a Jiffy Lube, with an absolute Net lease agreement that expires in 2030. The property is located on Kirby Whitten Rd, a six-lane roadway with an additional single turn lane. It has curb/gutter, street lights, storm sewer and sidewalks. Immediately adjacent to the Property is also Whitten Rd, a two lane Street with Street Lights and Storm Sewers. For 2018, within a 7 minute Drive time from the property, an average household expense of $477.54 was spent on services similar to those provided by Jiffy Lube, for a total of $4,510,740. Additionally the Section of Kirby Whitten Rd adjacent to the Property has approximately 31,000 vehicles traveling the highway per day. With the high visibility street view coupled with large traffic counts, as well as impressive expenditures of auto maintenance provide for stability for sustained business. The general neighborhood of the subject is commonly referred to as Bartlett. The neighborhood is approximately 80% to 90% developed, and a wide variety of land uses are represented. Commercial land uses are concentrated along the major thoroughfares with retail and service oriented properties located along interior streets. Properties in the neighborhood include low to moderate density single-family housing, strip retail centers, community retail centers, office buildings, restaurants, apartments, schools, and places of worship.