7985 Centennial Dr | Memphis, TN 38125
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- LoopNet Team
7985 Centennial Dr
Memphis, TN 38125
Firestone Complete Auto Care · Retail Property For Sale
Investment Highlights
- 13 years of successful operating history; 7+ years remaining on the current term
- 10% rent increase in 2022; blended cap rate of 5.65%
- Surrounded by numerous Class “A” multifamily developments home to thousands of apartment units; affluent demographics; high traffic counts
- Corporate guaranteed lease by Bridgestone (S&P: “A”)
- Ideally situated just south of the FedEx World Headquarters, a 1.1 million SF state of the art office campus; high traffic area
- National credit tenant anchors in the immediate vicinity of the Property, include: Lowe’s, Costco, Kroger, PetSmart, Walmart, Sam’s Club, and more
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,653 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.75 AC
Zoning
PD
Parking
50 Spaces (6.53 Spaces per 1,000 SF Leased)
Frontage
187’ on Centennial Dr
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | D0-242-0-0426 | Improvements Assessment | $351,600 |
| Land Assessment | $134,880 | Total Assessment | $486,480 |
Property Taxes
Parcel Number
D0-242-0-0426
Land Assessment
$134,880
Improvements Assessment
$351,600
Total Assessment
$486,480
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