1532 Bonnie Ln Cordova, TN 38016-1562
Property profile & analytics
1532 Bonnie Ln Cordova, TN 38016-1562
- Auto shops
- 4,400 SF
- 0.74 lot acres
Property ID
US80-2841017
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cordova Collision Repair / Auto Repair Shop
Property Details for 1532 Bonnie Ln
- Year built
- 2021
- Lot size
- 0.74 lot acres
- Property size
- 4,400 SF
- Zone code
- RU-3
- Property type
- Auto shops
- APN
- 096-500- - -00729
- APU
- 9650000729
Description
This exceptional investment opportunity presents a 9,500-square-foot auto shop and storefront located at 1532 Bonnie Ln, Memphis, TN 38016. Built in 2021, the property sits on a 1.6-acre lot and boasts 100% occupancy with a strong, corporately guaranteed lease featuring annual rental escalations and a significant term remaining. The lease includes a collision right with a 2% annual increase, currently at 8 years remaining. The property operates under a modified NNN lease structure, minimizing landlord responsibilities to roof, structure, and HVAC. The property's strong financial performance is reflected in its $120,360 net operating income (NOI) and an asking price of $1,505,000, resulting in an attractive 8.00% capitalization rate. The location benefits from high traffic counts on Germantown Pkwy (44,752 vehicles daily) and convenient access via a lighted intersection with Bonnie Ln. Furthermore, the property enjoys a strong demographic presence, situated near a substantial retail corridor with over 500,000 square feet of retail space and a large population within a 3-mile (61,225) and 5-mile (146,261) radius. This turnkey investment offers a compelling combination of strong cash flow, a desirable location, and a secure lease structure.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7918
- Latitude
- 35.1671
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,550
$19,000
$88,520
$107,520
-
$47,500
$221,300
$268,800
