5325 Summer Ave | Memphis, TN 38122
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- LoopNet Team
5325 Summer Ave
Memphis, TN 38122
Circle K · Retail Property For Sale
Investment Highlights
- Value-Add Opportunity – Circle K has approximately 10 months remaining on its current lease term, with one five-year renewal option
- Prime Retail Corridor – The property is located in a prime, high-traffic retail corridor near NAPA Auto Parts and Restaurant Depot
- Freeway Adjacent Location – The property not only benefits from seeing 38,500 VPD directly on Summer Avenue (Highway 64)
- World Class Tenant – Circle K, the second-largest convenience store chain in the U.S. with approximately 6,800 locations
- Attractive Rental Increases – Circle K leases typically include 10% rent escalations every five years.
- Long Term Operating History – Circle K (formerly MAPCO) will have operated at this location for nearly 40 years as of next year
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,199 SF
Building Class
C
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.83 AC
Zoning
C-H - Commercial
Parking
20 Spaces (9.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 06-8001-0-0031 | Improvements Assessment | $87,560 |
| Land Assessment | $90,760 | Total Assessment | $178,320 |
Property Taxes
Parcel Number
06-8001-0-0031
Land Assessment
$90,760
Improvements Assessment
$87,560
Total Assessment
$178,320
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