6700 Stage Road, Bartlett, TN

$2,316,763

Price

5.5%

Cap Rate

$127,422

NOI

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Street
Map
Overview
Cap Rate
5.5%
NOI
$127,422
Building Size
3,706 sqft
Lot Area
0.91 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
1992
Price Per Sqft
$625.14
Tenancy
Single
Investment Strategy
Core
Lease Expire Year
1/6/2036
Description

Absolute NNN Lease Structure | Zero Landlord Responsibilities | Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building

20 Year Original Lease Term | 12 Years Remaining on Original Term

Main on Main Signalized Intersection | Combined Traffic Counts Exceeding 65,000+ Vehicles Per Day

Highly Desirable Location | Tennessee is a Tax Free Income State

(2) 5-Year Options | 10% Rent Increase Every 5 Years

Excellent Demographics: 158,170 Population in 5-Mile Radius

Average Household Income Exceeds $80,882 in 5-Mile Radius

National Tenants Nearby Include: Chick-Fil-A, Taco Bell, Kroger, CVS Pharmacy, Walgreens, Hollywood 20 Cinema, Dollar General, Papa Johns, Five Guys, Aldi, Starbucks & More

Highlights
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities | Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building
  • 20 Year Original Lease Term | 12 Years Remaining on Original Term
  • Main on Main Signalized Intersection | Combined Traffic Counts Exceeding 65,000+ Vehicles Per Day
  • Highly Desirable Location | Tennessee is a Tax Free Income State
  • (2) 5-Year Options | 10% Rent Increase Every 5 Years
  • Excellent Demographics: 158,170 Population in 5-Mile Radius
  • Average Household Income Exceeds $80,882 in 5-Mile Radius
  • National Tenants Nearby Include: Chick-Fil-A, Taco Bell, Kroger, CVS Pharmacy, Walgreens, Hollywood 20 Cinema, Dollar General, Papa Johns, Five Guys, Aldi, Starbucks & More
Documents
Title
Burger_King_-_6700_Stage_Rd_Bartlett_Memphis_MSA_TN_38134.pdf
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Location
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