2041 Whitten Rd Memphis, TN 38133

This property is a 2022 development occupied by Take 5 Oil Change, with over 7 years remaining on the primary term. The blended cap rate is 6.61% through the primary term, with an upcoming 8% rental increase in 2027. The tenant is an experienced Take 5 franchisee operating 60 units in multiple states, including Tennessee, North Carolina, and Mississippi. The surrounding area has dense demographics, with over 185,000 residents within a 5-mile radius and an average household income exceeding $99,000. The property is located in a strong retail area near Walmart, AutoZone, Family Dollar, Dollar Tree, and other businesses that generate additional traffic. Situated along Whitten Road, the location benefits from impressive traffic counts of 23,170 vehicles per day directly in front of the property. The property is located 13 miles west of Memphis, the second-largest city in Tennessee, with a metropolitan statistical area population of over 1.3 million residents. The property size is 1,546 square feet.