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5091 Park Ave 2,000 SF Retail Building Memphis, TN 38117 $1,914,598 CAD ($957.30 CAD/SF) 6.67% Cap Rate
Executive Summary
Absolute Net Ground Lease for Sale.
New listing: 5091 Park Avenue, fully leased Back Yard Burgers, for sale. Lease is absolute net with no landlord responsibilities. Base term ends 11/30/2035 with below-market rent. Renewal option for an additional 5-year term with 120 days' notice to landlords.
Please see full Offering Memorandum for full details.
New listing: 5091 Park Avenue, fully leased Back Yard Burgers, for sale. Lease is absolute net with no landlord responsibilities. Base term ends 11/30/2035 with below-market rent. Renewal option for an additional 5-year term with 120 days' notice to landlords.
Please see full Offering Memorandum for full details.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built
1994
Price
$1,914,598 CAD
Price Per SF
$957.30 CAD
Cap Rate
6.67%
NOI
$127,717 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.45 AC
Zoning
CL
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-7002-0-0005C | Improvements Assessment | $132,087 CAD |
| Land Assessment | $177,194 CAD | Total Assessment | $309,282 CAD |
Property Taxes
Parcel Number
06-7002-0-0005C
Land Assessment
$177,194 CAD
Improvements Assessment
$132,087 CAD
Total Assessment
$309,282 CAD
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5091 Park Ave
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