170-Space Surface Parking
For Sale
Contact for pricing
201 Adams Ave, Memphis, TN 38103
Downtown surface lots are leased to an experienced international parking operator under NN lease structures.
Property SizeContact for details
Days on Market144
Property Features for 201 Adams Ave
General Information
Standard status
Active
Total Parking Spaces
170
Property subtype
Special Purpose
Additional Details
Opportunity Zone
Yes
Listing Agency:
JNL Parking
Listed By:
John Roy · License #TX 651554
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JNL Parking
Investment Insights
Based on property information with market context.
This portfolio comprises 170 surface parking spaces across multiple lots at 201 Adams Ave in downtown Memphis. The properties serve the court and jail districts, with demand supported by their respective surrounding activity. Existing leases are structured as NN agreements and include 5% annual CPI increases, revenue participation, and longer-term extension options.
The owner may assume the leases or cancel them upon sale. The parking operator handles operations, leaving no operating responsibilities for the owner. The lots are within a recognized Opportunity Zone, and the portfolio includes diversified demand sources across the individual sites.
The owner may assume the leases or cancel them upon sale. The parking operator handles operations, leaving no operating responsibilities for the owner. The lots are within a recognized Opportunity Zone, and the portfolio includes diversified demand sources across the individual sites.
Key Highlights
- 170 surface parking spaces across a downtown Memphis portfolio
- Located at 201 Adams Ave in the court and jail districts
- NN leases include 5% annual CPI increases and revenue participation
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38103, TN
14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Downtown surface lots are leased to an experienced international parking operator under NN lease structures.
Where is this parking lot & garage located?
The property is located at 201 Adams Ave Memphis, TN.
What are key features of this property?
This property features: 170 surface parking spaces across a downtown Memphis portfolio; Located at 201 Adams Ave in the court and jail districts; NN leases include 5% annual CPI increases and revenue participation
