Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

915 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

RaceTrac | 7+yrs Remain Corp Abs NNN 8454 New Wilkinsville Rd 4,005 SF Retail Building Millington, TN 38053 $3,194,000 ($797.50/SF) 5.25% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Corporate Guaranteed | 7+ Years Remaining | Scheduled Rental Increases | Options to Extend
Signalized, Hard Corner Intersection | Primary Thoroughfare | Nearby Shopping Centers | Excellent Visibility & Access

Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Accelerated Depreciation | No Income Tax State

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, RaceWay investment property located in Millington, TN. The tenant, RaceTrac Petroleum, Inc has 7+ years remaining on their 15 year lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.