Property History
FOR SALE – Single-Tenant Automotive Investment Property
5113 Raleigh Lagrange Rd., Memphis, TN 38128
Offered at: $697,022
Building Size: 6,000 SF | Lot Size: 0.576 Acres | Zoning: CMU-2
Tenant: Fresno Tires | Annual Rent: $58,716 | Lease Type: Modified Gross
🔧 Investment Overview
Discover a stable, income-producing automotive/vehicle shop investment located in the thriving Northeast Memphis submarket. This single-tenant property is fully occupied by Fresno Tires, a long-standing automotive service operator that has served the area since 2020. The current lease provides reliable in-place cash flow with 2+ years remaining and minimal rollover risk.
This property offers investors an excellent combination of stability, strong location fundamentals, and future upside potential through a possible lease renewal at market rates.
💰 Investment Highlights
Price: $697,022
Annual Rent: $58,716 ($9.79/SF)
NOI: $46,693
Cap Rate: Approx. 6.7%
Lease Type: Modified Gross – Landlord responsible for roof and structure; tenant responsible for HVAC
Tenant: Fresno Tires (since 2020)
Lease Term Remaining: 2+ years | No renewal options | 3% annual increases | Lease Expires: July 30th, 2028
🏢 Property Features
6,000 SF well-maintained building on a 0.576-acre corner lot
7 Grade-Level Roll-Up Bays for service efficiency
Two lifts: 29,000 lbs (above-ground) and 10,000 lbs (above-ground)
Strong visibility and access from Raleigh Lagrange Rd.
High traffic count: 19,741 vehicles per day
📈 Upside & Location
Long-term tenant with proven operating history and potential to renew at market rent
Located in a busy automotive corridor in Northeast Memphis
Strong surrounding demographics and complementary automotive uses nearby
Convenient access to major Memphis thoroughfares
Parcel ID: 088031 00041
Summary:5113 Raleigh Lagrange Rd. presents a compelling opportunity for investors seeking a low-maintenance, income-producing automotive property with both current yield and future appreciation potential in one of Memphis’s well-traveled commercial corridors.
🔧 Investment Overview
Discover a stable, income-producing automotive/vehicle shop investment located in the thriving Northeast Memphis submarket. This single-tenant property is fully occupied by Fresno Tires, a long-standing automotive service operator that has served the area since 2020. The current lease provides reliable in-place cash flow with 2+ years remaining and minimal rollover risk.
This property offers investors an excellent combination of stability, strong location fundamentals, and future upside potential through a possible lease renewal at market rates.
💰 Investment Highlights
Price: $697,022
Annual Rent: $58,716 ($9.79/SF)
NOI: $46,693
Cap Rate: Approx. 6.7%
Lease Type: Modified Gross – Landlord responsible for roof and structure; tenant responsible for HVAC
Tenant: Fresno Tires (since 2020)
Lease Term Remaining: 2+ years | No renewal options | 3% annual increases | Lease Expires: July 30th, 2028
Long-term tenant with proven operating history and potential to renew at market rent
Located in a busy automotive corridor in Northeast Memphis
Strong surrounding demographics and complementary automotive uses nearby
Convenient access to major Memphis thoroughfares
Loan History
Financial History
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