Description

This offering represents an excellent single-tenant investment opportunity featuring a brand-new 20-year absolute NNN lease commencing at the close of escrow, providing a fully passive ownership structure with zero landlord responsibilities. The asset is supported by a substantial corporate and personal guarantee, along with strong and conservative rent coverage (details available through the broker). Investors benefit from a built-in hedge against inflation with 2% annual rent increases throughout the primary term and option periods, and the property is attractively priced at a 7.50% cap rate, offering a high-yield return with consistent growth. The investment is fee simple, ensuring full ownership of both land and improvements. Strategically located in Memphis, Tennessee, along the high-traffic Winchester Road corridor with over 35,000 vehicles per day, the property also benefits from proximity to TN-385, which sees more than 92,000 vehicles daily. Surrounded by major national retailers and supported by a dense infill population of over 195,000 residents within a five-mile radius, the location offers strong consumer demand. Positioned less than 20 miles from downtown Memphis—one of Tennessee’s largest and fastest-growing economies—this asset provides a compelling opportunity in an income tax-free state with strong regional growth fundamentals.