Midas

Key features

• Absolute NNN Lease, Zero Landlord Responsibilities
• Attractive 10% Rent Increases Every 5 Years; Next Increase in November 2030
• Dense 5-Mile Population of 229,825 Residents
• Fee Simple Ownership & Eligible Property to Take Advantage of Benefits for Accelerated Depreciation – Consult Your Tax Professional
• Few Minutes Away from University of Memphis with Approximately 20K+ Total Enrollment
• Great Visibility Along Summer Ave and Easy Access to Sam Cooper Blvd with Combined Traffic Daily Counts of 60,500+ Vehicles
• Just 7 Miles to Downtown Memphis, the Second-Most Populous City in Tennessee
• Landlord Protection Against Environmental Contamination – Inquire With Broker
• Midas in Memphis, TN with Full 19.5-Year Primary Lease Term
• Near Several National Tenants Including Kroger, Lowe's, TJ Maxx, Dollar General and More
• Strong Operator With Growing Pipeline – Tenant to Disclose Sales Per Lease
• Subject Property is Surrounded by Apartments and Schools Within 2 Miles, Creating Additional Customer Traffic for the Area