Investment Overview

Marcus & Millichap is pleased to present for sale this Enterprise Rent A Car & Sales and AutoMax of Memphis properties located at 2001-2019 Covington Parkway Memphis, TN. The properties consist of two combined parcels totaling 5.55 acres and improved with five buildings totaling 7,771 square feet. The tenant has been approved and will invest $1.5M-$2M in the facilities to include upgrades and new construction. The property has convenient access and road frontage to Covington Pike. The property is strategically located along the main retail corridor of the trade area. This section of Covington Pike experiences daily traffic counts in excess of 42,450 vehicles per day. Other notable tenants in the trade area include Sam’s Club, Extra Space Storage, McDonald’s and Wendy’s to name a few. In addition, other brand name car dealerships in the area include Honda, Chevrolet, Kia, Porsche, Audi, Fiat, Chrysler and Buick GMC. Household population is approximately 197,636 within a 5-mile radius of the property and average income of $75,525 in the same region. According to a May, 2023 Placer.ai Report, this Enterprise location is rated as the #1 Enterprise Dealership in Tennessee and #27 nationwide.