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8454 New Wilkinsville Rd
Millington, TN 38053

Price Upon Request

Convenience Store For Sale  •  4,005 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 4,005 SF
  • Lot Size 1.24 AC
  • Building Class B
  • Year Built 2000
  • Tenancy Single
  • Zoning B-2
0 Transit Score
55 Walk Score

Highlights

Corporate RaceTrac Petoleum, Inc. NNN fee simple lease with 10-yrs remaining
7.5% rental increases every 5-yrs in the primary lease term & options
Located at the signalized, hard corner intersection, between Walmart and Lowes anchored centers, with a combined 31,000 vehicles per day
Surrounded by national/credit tenants such Lowe’s, Ross, Five Below, Tractor Supply, Kroger and the Walmart Supercenter directly across the street
Fee-simple ownership of a convenience store qualifies for accelerated depreciation (contact a tax advisor)
No income tax state

Major Tenants

Tenant SF Occupied Lease End Date
Raceway 3,952 SF 3/31/2031

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Memphis International 38 min - 26.8 mi

Parking Details

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