5113 Raleigh Lagrange Rd. | Single-Tenant Automotive Investment Property

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)

Cap Rate: Approx. 8.4%

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.