4230 Altruria Rd, Memphis, TN 38135

Colliers is pleased to offer to qualified investors this established gas station/convenience store investment opportunity in the northeast submarket of the Memphis MSA. Operating as a Quail Ridge One Stop and Marathon Gas Station, the property is fully leased through 2025 to an experienced operator with multiple area locations. The property features four covered pump islands and a 3,680 square foot convenience store on just over an acre. The property sits at the corner of Egypt Central and Altruria Road in front of the Shops at Quail Ridge among densely populated neighborhoods and rooftops. Initially leased for ten years in 2015 with an additional five year option, the current term will give prospective owners an NOI of approximately $78,000 per year throughout the term. The asking price of $1,150,000 represents an attractive 7.0% cap rate for consideration.

100% occupancy featuring established, nationally recognized credit tenants.
Well established location serving a large trade area and consistently generating a high volume of consumer traffic.
Strong demographics with 123,797± population within a 5-mile radius, with median household income at $60,955.
Limited competition in area with no other stations located at intersection which is settled in the heart of densely populated neighborhood.
Located at southeast corner of Egypt Central Rd. & Altruria Rd. with approximately 9,000 vpd traffic count.
Ingress/Egress: Great with both on Egypt Central Rd. & Altruria Rd.