3535 Elvis Presley Blvd. | Advance Auto Parts. Recently Renewed NNN Lease. 6.30% Cap Rate

Investment Overview | For Sale | $1,100,000

3535 Elvis Presley Blvd | Memphis, TN

Offered at a 6.3% Cap Rate | $69,300 NOI | Long-Term National Tenant

This offering presents an exceptional opportunity to acquire a 7,000 SF single-tenant retail property leased to Advance Auto Parts, a nationally recognized and creditworthy tenant with over 25 years of continuous operation at this location. Situated on a 0.8889-acre parcel along the highly trafficked Elvis Presley Boulevard, the property benefits from excellent visibility and accessibility in one of Memphis’s most established commercial corridors.

Investment Highlights

• For Sale: Priced at $1,100,000 (6.3% Cap Rate; $69,300 NOI)
• Stable, In-Place Cash Flow: Consistent income from a long-term national retailer with minimal landlord responsibilities.
• Long-Term Tenancy: Advance Auto Parts has occupied this location for 25 years and recently renewed for an additional 5 years, demonstrating strong commitment to the market.
• National Credit Tenant: Advance Auto Parts (NYSE: AAP) operates over 4,700 stores nationwide, providing financial strength and reliability.
• Minimal Rollover Risk: Existing lease term ensures stable cash flow with limited vacancy exposure.
• Upside Potential: Future value appreciation supported by generous lot size and flexible retail zoning, allowing for potential redevelopment or repositioning.
• Prime Location: Excellent frontage and visibility along Elvis Presley Blvd, a major commercial artery with robust traffic counts and proximity to other national retailers.

Summary

Now offered For Sale at $1,100,000, this property delivers a secure, passive investment backed by a proven national tenant in a high-visibility Memphis location. The combination of stable income, long-term tenancy, and future upside potential makes this an ideal acquisition for investors seeking durable returns and long-term value growth.

❑ Stable in-place cash flow and minimal rollover risk.

❑ Tenant recently renewed for 5 more years showing commitment to the market and location (Tenant has operated in this location for 25 years).

❑ Upside Potential: Value appreciation given the lot size and flexibility of use.