C-Store | Millington, TN
Sands Investment Group is Pleased to Present Exclusively For Sale the Convenience Store NNN Property Located at 4629 Navy Road in Millington, Tennessee. With a Brand New 20 Year Lease Coupled With 2% Annual Increases Backed By a Strong Guarantor, This Opportunity Provides a Best-of-Class Investment Featuring the Benefit to Qualify For Accelerated Depreciation All in an Income Tax Free State.
- Guarantor: 50 Unit Operator With $100MM in Revenue, $20MM in EBITDAR and $75MM Personal Guarantee
- Recent Improvements to Fuelling Equipment, Canopy and Lighting Made By Tenant Showing Commitment to the Site
- Property Immediately Qualifies For Accelerated Depreciation
- Attractive 20 Year Lease With 2% Annual Increases to Hedge Against Inflation
- Tennessee is an Income Tax Free State
- Excellent Demographics With an Average Household Incomes Nearing $75,322
- Minutes Away From the Millington-Memphis Airport, Millington Central Middle and High School, and Downtown Memphis
- Excellent Ingress/Egress With Multiple Points of Entry Off Hwy U.S. 51 and Navy Road Seeing Approximately 32,062 VPD
- Nearby National Tenants Include: Chick-fil-A, McDonald’s, Circle K, Walgreens, O’Reilly Auto Parts, Advance Auto Parts and Walmart Supercenter
In Cooperation With ParaSell, Inc., A Licensed Tennessee Broker Lic. # 264531 BoR: Scott Reid – Lic. # 347634
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