1831 Getwell Rd, Memphis, TN 38111-7005
- Auto shops
- 22,511 SF
- 5.61 lot acres
Current Use by Public Records
- Dollar Car Rental - Mt Moriah Dollar DLE / Car Rental Facility
- Cordova Collision Repair / Auto Repair Shop
- Hertz Car Rental - Memphis - Mount Moriah HLE / Car Rental Facility
- Hertz Truck Rental - Memphis Box Truck / Car Rental Facility
- Hertz / Car Rental Facility
Property Details for 1831 Getwell Rd
- Year built
- 1990
- Lot size
- 5.61 lot acres
- Zone code
- CMU-3
- Property type
- Auto shops
- APN
- 058-096- - -00003
- APU
- 5809600003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 7, 2025 | — | Robert Mahoney | — | Deed · related | $900k · The Bank Of Fayette County |
| Mar 27, 2024 | — | Rnd Properties LLC | — | Deed · related | $900k · The Bank Of Fayette County |
| Nov 4, 2021 | $1,350,000 | Rnd Properties LLC | City Auto Properties LLC | Special Warranty Deed | $1.3M · Renasant Bank |
| Apr 17, 2018 | $1,350,000 | City Auto Properties LLC | Automarket At Wolfchase LLC | Warranty Deed · related | $1.1M · Ally Bk |
| Sep 16, 2016 | $1,100,000 | Automarket At Wolfchase LLC | Jwe Ace LLC | Grant Deed | $935k · Landmark Cmnty Bk |
| Sep 14, 2000 | $1,950,000 | Jwe Ace LLC | Ellis Trust | Grant Deed | — |
| — | — | Jwe Ace LLC | — | Deed Of Trust · related | $2.8M · Wachovia Bank NA |
Description
This exceptional investment opportunity presents a 29,300 square foot retail property in Memphis, Tennessee, currently housing a thriving auto shop and storefront. The property boasts a 7.5% cap rate, with a Net Operating Income (NOI) of $256,237. The asking price is $3,416,000, translating to $116.59 per square foot. Built in 1990, the property sits on a 5.61-acre lot at 1831 Getwell Rd, Memphis, TN 38111, enjoying excellent visibility from Getwell Road and proximity to I-240. The property benefits from a strong population density in the immediate trade area: 92,962 within 3 miles and 207,792 within 5 miles. High traffic counts on Getwell Road (49,882 vehicles) and I-240 (136,426 vehicles) further enhance its appeal. The property features a modified NNN lease structure with minimal landlord responsibilities, including roof, structure, and HVAC. Annual rental escalations are in place, with Collision Right experiencing 2% annual increases and Hertz enjoying 3% annual increases starting October 25th. Both leases are corporately guaranteed, offering significant long-term stability. Collision Right's lease has 9 years remaining, while Hertz's lease has 6 years remaining. The property's location less than 5 miles from Memphis International Airport's rental car return provides a built-in customer base. This is a rare opportunity to acquire a high-performing, well-located retail property with significant upside potential. 100% occupancy ensures immediate cash flow.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,085,000
- ML approach
- $1,180,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,985,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9325
- Latitude
- 35.0817
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
