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Pep Boys - Memphis, TN 4177 Elvis Presley Blvd 9,295 SF Retail Building Memphis, TN 38116 $1,325,440 CAD ($142.60 CAD/SF) 8.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Pep Boys has 2 years remaining after recently exercising their first option period, demonstrating a long-term commitment to this site
- Located Less than 1 mile from Graceland
- Pep Boys has 3 additional 5-year tenant renewal options, bringing the potential remaining lease term to over 15 years
- Vacant 2,200 SF flex warehouse space provides a value-add opportunity
- Strong demographics with a population of over 126,000 people, making an average income of $57,385 within a 5-mile radius
- Below replacement cost
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 9,295 SF Pep Boys property located at 4177 Elvis Presley Boulevard in Memphis, TN. The lease includes 3 additional 5-year renewal options, extending the potential remaining term to over 15 years. In addition, the property features a vacant 2,200 SF flex warehouse space, offering a compelling value-add opportunity for future income growth.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,295 SF
Building Class
B
Year Built
2017
Price
$1,325,440 CAD
Price Per SF
$142.60 CAD
Cap Rate
8.46%
NOI
$112,169 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
CMU-3 - Commercial Mixed Use Zoning
Parking
10 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
134’ on Elvis Presley Boulevard
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pep Boys
- Retailer
- 9,295 SF
- $15.81 CAD
- Double Net
- Dec 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pep Boys | Retailer | 9,295 SF | $15.81 CAD | Double Net | Dec 2027 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $210,276 CAD | |
| Land Assessment | $66,557 CAD | Total Assessment | $276,833 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$66,557 CAD
Improvements Assessment
$210,276 CAD
Total Assessment
$276,833 CAD
CONTACTS
-
Jess Kappelman -
Luke Wakefield -
Johnny Friberg -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Pep Boys - Memphis, TN | 4177 Elvis Presley Blvd
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