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6975 Stage Rd
Bartlett, TN 38133 Bartlett

$3,148,071

Carwash For Sale  •  2,190 Sq Ft

Property Details

  • Property Type Carwash
  • Total Building Size 2,190 Sq Ft
  • Lot Size 0.61 ac
  • Year Built 2015
  • Cap Rate 6.00 %
  • Zoning C-P
0 Transit Score
58 Walk Score

Description

The subject Car Wash benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, hospitality accommodations, and academic institutions. Major national tenants in the area include Walgreens, Kroger, Dollar Tree, Aldi, CVS Pharmacy, McDonald’s, Burger King, Starbucks, Taco Bell. Chick-fil-A, Popeyes, Pizza Hut and many more. The property is also within immediate proximity of several hospitality accommodations. These include Best Western Plus Galleria Inn & Suites, Relax Inn, and more. 

The subject property also benefits from its close proximity to several academic institutions, the most notable being the University of Memphis. The public university is approximately 10-miles from the subject property and is home to over 17,390 students. Methodist Le Bonheur Healthcare is also located less than five-miles from the subject property, which is a 246-bed general and surgical hospital. The subject property is approximately 18-miles from Memphis International Airport, which is the 2nd busiest cargo airport in the United States with an annual passenger count of 4,419,541 in 2018.
The site is situated on Stage Road, which has an average daily traffic count of 44,675 vehicles. Stage Road is intersected by Summer Avenue and Kirby-Whitten Parkway, which each bring an additional 21,810 and 21,785 vehicles into the immediate area per day, respectively. There are approximately 174,705 individuals within a five-mile radius of this property and 506,580 individuals within a ten-mile radius.

Bartlett is a city in Shelby County, Tennessee. It is the largest suburban community of the Memphis Metro area. It serves as one of the metro area’s and the state’s most vibrant economic engines for new technologies and job growth. Bartlett serves as the hub for Northeast Shelby County, which boasts over 15,000 businesses, 185,000 employees and 150,000 households. In recent years, Bartlett has emerged as one of the largest concentrations of medical device manufacturing in the country. This dynamic industry provides good paying jobs for both professional technicians and advanced-degreed engineers and specialists. In addition, the area contains a large number of other life-science-related industries, including pharmaceuticals, laboratories and healthcare. Several points of interest include the Nicholas Gotten House, Davies Manor Plantation, and the Performing Arts & Conference Center. Bartlett also has the Bartlett Recreation and Fitness Center, which is a 55,000 square foot facility that is popular because of its swimming pool, racquetball and basketball courts, running track, and workout rooms.
Cap Rate: 6.00 %

Public Transportation

AirportDriveWalkDistance
Memphis International Airport 30 min - 19.0 mi

Parking Details

Parking Available: No
Reserved: No
Type: Surface
Included in Rent: Yes
Glen Kunofsky 212-430-5115 Marcus & Millichap Inc
Glen Kunofsky 212-430-5115 Marcus & Millichap Inc