NAPA AUTO PARTS3237 Summer Avenue | Memphis | Tennessee | 38112

IEB REAL ESTATE, LLC

20 S Central Ave | Suite 206 | St. Louis | MO | 63105

WWW.IEBREALESTATE.COM

Andy Heck

Direct: 314.797.7550

Andy@iebrealestate.com

In association with:

________________________

A licensed Tennessee Real Estate Broker

NAPA AUTO PARTSOverview

IEB Real Estate, LLC is pleased to present for sale this single tenant Napa Auto

Parts located in Memphis Tennessee.

Asking Price: $450,000 Lease Term: 2+ Years

NOI: $39,600 Rent PSF: $3.60 PSF

Cap Rate: 8.8% Options: None

Lease Expirations: June 30, 2019

Lease Type: NN | LL responsibility includes roof/structure

Lot Size: .57 Acres

Building Size: 11,500 Square Feet

Tenant: NAPA Corporate

NAPA AUTO PARTSDemographics | Memphis, Tennessee

DEMOGRAPHICS

Population

1 Mile: 12,079

3 Mile: 102,052

5 Mile: 240,455

Average Household Income

1 Mile: 44,195

3 Mile: 57,120

5 Mile: 54,309

Median Age

1 Mile: 33

3 Mile: 34

5 Mile: 35

Memphis is a city in the southwestern corner of the U.S. state of Tennessee and the county seal of Shelby

County. The city is located on the fourth Chickasaw Bluff south of the confluence of the Wolf and

Mississippi rivers.

Memphis had a population of 652,717 in 2016, making it the second-largest city in the state of Tennessee. It is

the largest city on the Mississippi River, the third largest in the greater Southeastern United States, and the

23rd largest in the United States. The greater Memphis metropolitan area had a 2014 population of 1,317,314.

This makes Memphis the second-largest metropolitan area in Tennessee, surpassed by metropolitan Nashville.

Since the second half of the 20th century, highways and interstates have played major roles as transportation

corridors. A third interstate, I-69, is under construction, and a fourth, I-22, has recently been designated from

the former High Priority Corridor X. River barges are unloaded onto trucks and trains. The city is home to

Memphis International Airport, the world's second busiest cargo airport (following Hong Kong). Memphis

serves as a primary hub for FedEx Express shipping.

As of 2014, Memphis was the home of three Fortune 500 companies: FedEx (no. 63), International Paper (no.

107), and AutoZone (no. 306).

NAPA AUTO PARTSMemphis, Tennessee Profile

NAPA AUTO PARTSTenant Profile

In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. In 1936, NAPA opened its first location, an existing Atlanta auto parts store purchased from an owner who thought the industry was past its peak. It wasn't even close.

Nearly a century later, NAPA continues to serve auto service professionals, do-it-yourselfers and everyday drivers with quality parts and supplies to keep cars, trucks and equipment performing safely and efficiently.

In the U.S., NAPA now includes over 58 distribution centers, 16,000 NAPA AutoCare Centers and more than 6,000 independently-owned and company-owned stores. NAPA carries an extensive inventory of more than 475,000 parts for automotive and industrial applications.

A division of Genuine Parts Company (NYSE: GPC) and a global automotive aftermarket leader, NAPA operates NAPA Canada, Auto Todo in Mexico and Repco in Australia and New Zealand.

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