605 Highway 51 N | Covington, TN 38019
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- LoopNet Team
605 Highway 51 N
Covington, TN 38019
Family Dollar · Retail Property For Sale
Investment Highlights
- Attractive NN+ lease structure w/ minimal Landlord responsibilities
- Memphis, TN is ranked 2nd largest MSA in all of Tennessee (630,349 Residents)
- Family Dollar signed a brand new lease 10 -year lease in 2021
- The subject property is strategically located right off highway 51, which leads to downtown Memphis, TN (38-miles)
- 8.25 Years remaining on the primary lease term
- Corporately Guaranteed Lease
Property Facts
Property Type
Building Size
11,270 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.94 AC
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 025K-A-009.00 | Improvements Assessment | $339,680 |
| Land Assessment | $74,000 | Total Assessment | $413,680 |
Property Taxes
Parcel Number
025K-A-009.00
Land Assessment
$74,000
Improvements Assessment
$339,680
Total Assessment
$413,680
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