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5325 Summer Ave
Memphis, TN 38122 Bartlett

$1,327,617 USD

Convenience Store For Sale  •  2,199 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,199 SF
  • Lot Size 0.83 AC
  • Building Class C
  • Year Built 1987
  • Cap Rate 5.12 %
  • Tenancy Single
  • Zoning C-H
24 Transit Score
34 Walk Score

Highlights

Value-Add Opportunity – Circle K has approximately 10 months remaining on its current lease term, with one five-year renewal option
World Class Tenant – Circle K, the second-largest convenience store chain in the U.S. with approximately 6,800 locations
Prime Retail Corridor – The property is located in a prime, high-traffic retail corridor near NAPA Auto Parts and Restaurant Depot
Attractive Rental Increases – Circle K leases typically include 10% rent escalations every five years.
Freeway Adjacent Location – The property not only benefits from seeing 38,500 VPD directly on Summer Avenue (Highway 64)
Long Term Operating History – Circle K (formerly MAPCO) will have operated at this location for nearly 40 years as of next year
Cap Rate: 5.12 %

Major Tenants

Tenant SF Occupied Lease End Date
Circle K

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Memphis International 22 min - 14.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Research In Progress Research In Progress
Research In Progress Research In Progress