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6957 Stage Rd
Memphis, TN 38133
Service King - PRICE REDUCED · Retail Property For Sale
Investment Highlights
- Low price point for a collision shop at only $1,505,458
- Sits on Stage Rd, the major street in town with over 36,000 VPD
- Service King is estimated to have over $1.2 billion in annual revenue and employs more than 6,000 people
- Offered at an attractive 7.75% cap rate
- Service King is one of the largest Collision Repair companies in the United States with over 350 location in 24 different states
- Tax Free State – Tennessee is one of 8 states out of 50 that has no state income taxes – great investment for those also living in tax free states or
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,000 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.08 AC
Zoning
CMU-2
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
65’ on Us-64 Hwy
Amenities
- Pylon Sign
- Signage
About 6957 STAGE RD , MEMPHIS, TN 38133
1. Strong Hedge Against Inflation – Rare 2% annual increase 2. Attractive Tax Benefits – Ownership includes land and improvements, allowing owners to depreciate the improvements over a 39-year depreciation schedule 3. Neighboring major national tenant including Sonic Drive-In, Advance Auto Parts, Sherwin Williams, Extra Space Storage, Goodwill and Car Wash USA Express 4. Significant Private Equity Funding - Blackstone Group LP and Carlyle LP backed, with Blackstone Group LP with controlling shares 5. Service King is capitalizing on the consolidation of the rapidly growing Collision Industry, a $33+ billion industry in US and Canada 6. Great Hedge Against Ecommerce
Property Taxes
| Parcel Number | 09-2001-0-0021 | Improvements Assessment | $150,840 |
| Land Assessment | $112,040 | Total Assessment | $262,880 |
Property Taxes
Parcel Number
09-2001-0-0021
Land Assessment
$112,040
Improvements Assessment
$150,840
Total Assessment
$262,880
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