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3586 Riverdale
Memphis, TN 38115

Smoothie King · Retail Property For Sale

Investment Highlights

  • Long-Term Absolute NNN Lease
  • Annual Rent Increases – The lease provides 2.00% annual rent increases, providing an investor with quickly growing cash flow
  • Attractive Low Rent – Low rents providing potential upside by raising rents in the future.
  • Tax Benefits – Tennessee is a highly sought-after income tax-free state
  • Prime Retail Location – The property sits in prime dense location, between being off busy Interstate 385

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,850 SF
Building Class
C
Year Built
2007
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.39 AC
Zoning
AG
Parking
40 Spaces (22.62 Spaces per 1,000 SF Leased)
Frontage
93 ft on Riverdale Rd

Amenities

  • Bus Route
  • Signage
  • Signalised Intersection
  • Drive Thru
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-3500-0-0593
Land Assessment
£37,269
Improvements Assessment
£121,282
Total Assessment
£158,551
  • Listing ID: 28752722

  • Date on Market: 14/06/2023

  • Last Updated:

  • Address: 3586 Riverdale, Memphis, TN 38115

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