4720 Summer Ave | Memphis, TN 38122
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4720 Summer Ave
Memphis, TN 38122
NEW CONSTRUCTION DRIVE-THRU CHIPOTLE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2022 Built-to-Suit Construction with Drive-Thru “Chipotlane” | Brand New 15 Year Triple-Net Lease | Aldi Pad Site and Adjacent New DriveThru Starbucks
- Highly Desirable Drive-Thru Location with Monument Signage
- Positioned Less than One Mile from I-40/Isaac Hayes Memorial Hwy with Nearly 181,500 VPD and Less than One-Half Mile from Sam Cooper Blvd
- Rental Increases in Year Six and Ten of Initial Term | Four, Five-Year Options with Rental Increases at the Beginning of Each Term
- Excellent Visibility Along Summer Ave with Nearly 29,500 VPD | Memphis Area Transit Authority Bus Line
- Surrounding National Tenants Include Kroger, Aldi Grocery, TJ Maxx, Lowe’s, Walgreens, Starbucks, Chick-Fil-A, McDonald’s, Smoothie King
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.18 AC
Zoning
CMU-3
PROPERTY TAXES
| Parcel Number | 06-3026-0-0036 | Improvements Assessment | $1,710,400 |
| Land Assessment | $199,440 | Total Assessment | $1,909,840 |
PROPERTY TAXES
Parcel Number
06-3026-0-0036
Land Assessment
$199,440
Improvements Assessment
$1,710,400
Total Assessment
$1,909,840
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