695 Poplar Ave Collierville, TN 38017

This exceptional investment opportunity presents a fee-simple, Class A, 7,750-square-foot O'Reilly Auto Parts store in Collierville, Tennessee. Located on a one-acre lot at 695 W Poplar Ave (38017), this property boasts a strong 11.5-year remaining lease term (with three 5-year options) and a current NOI of $107,400, yielding a 5.65% cap rate. The property features a durable brick and metal construction, ensuring easy re-tenanting. Its prime location on a high-traffic arterial road (26,000 vehicles daily) places it within a thriving commercial area near major retailers like Target, Kroger, and Walmart. The surrounding area is characterized by high affluence, with an average household income exceeding $213,000 within a five-mile radius. The property benefits from proximity to significant corporate headquarters, including FedEx and Carrier, and is situated near substantial ongoing developments, including mixed-use projects and new residential complexes. The asking price is $1,900,885. This single-tenant, net-lease property offers a stable, passive income stream with built-in rent bumps and is ideal for 1031 exchange investors. The tenant, O'Reilly Auto Parts, is a credit-rated, investment-grade company with a substantial market presence. The property was built in 2016 and enjoys 100% occupancy.