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Auction Information
Auctioneer Crye-Leike Auction Services 901-262-3440
Auction Date Jun 22 Auction
Location
6525 Quail Hollow Dr.
#401
Memphis, TN
Time 05:00PM
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Auction Listing
AuctionZip Auctioneer ID# 25076
    Property Address    
7790 N Highway 51
Millington, TN 38053
    Attached Files    
Terms and Conditions (DOC)
Broker Referral Form (DOC)
Clean Closure letter (PDF)
ABSOLUTE AUCTION!  COMMERCIAL HIGHWAY FRONTAGE, BUILDING AND SIGNAGE IN MILLINGTON, TN
Former MAPCO Express location features .461+- Ac parcel and 990+- SF retail building.  Selling ONLINE ONLY AT www.CallerAuctions.com.  Full terms and conditions will be available including photos and instructions on bidding.  10% Buyers Premium will be applied to the highest bid.
Absolute Auction-  Online bidding starts at $40,000.  Two separate bids are required in $10,000 increments in order for absolute sale.
Seller warrants only clear title and title work will be completed before the auction process begins.  Seller has provided clean closure letter confirming that Underground Storage Tanks (UST) has been removed and certified by the State of TN to be clean and the case is closed.
Otherwise property will be selling AS-IS/WHERE-IS.  Online Bidding and terms are attached.  Broker referral form also attached.
Bidding will end on Friday June 22nd at 5:00 CST.  High bidder will be notified and $10,000 non refundable deposit must be received within 3 business days.  Otherwise bidder defaults and sale will go to the next highest bidder.  Bids received will be posted on the website under "DETAILS" within 8 hours  of receipt of the bid.  Bidding will be done in $10,000 increments only.
Closing to occur no later than 30 days from June 22nd.  Closing to be done by Southern Trust Title, Germantown TN and they will be able to provide a First American Title Policy if requested by Buyer.



Auctioneer License Information: TN-6322

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