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5091 Park Ave 2,000 SF Retail Building Memphis, TN 38117 $1,937,922 CAD ($968.96 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
$1,937,922 CAD
Price Per SF
$968.96 CAD
Cap Rate
6.67%
NOI
$129,273 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
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-7002-0-0005C | Improvements Assessment | $130,985 CAD |
| Land Assessment | $175,716 CAD | Total Assessment | $306,702 CAD |
Property Taxes
Parcel Number
06-7002-0-0005C
Land Assessment
$175,716 CAD
Improvements Assessment
$130,985 CAD
Total Assessment
$306,702 CAD
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5091 Park Ave
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