MVP REIT is closed to new investments.

Poplar Ave Parking Lot

Property Description

Situated in downtown Memphis, the Poplar Avenue lot is on approximately one acre of land and striped for 125 parking spaces. The lot has both attended and automated pay stations along Poplar Street, which borders the south side of the property. The lot is directly across from the Shelby County Justice Center and within a short walking distance to a number of downtown facilities, including, Memphis City Hall and County Election Commission. Prior to its development as a surface parking lot, the site was occupied by the Continental Cotton Gin Company from 1890 to 1977.

Poplar Ave Parking Lot

Acquisition of Property

Address 212 Poplar Avenue
Memphis, TN 38103
Acquisition Date Aug. 28, 2013
Purchase Price Property is part of an aggregate $13.5 million, six parking facility portfolio
   
   

Location Information

Known as America’s Aerotropolis because of the city’s central location and major industries, downtown Memphis is home to a diverse number of businesses and organizations including hosptials, schools and sporting facilities. The city, bordered by the Mississippi River, has one the nation’s largest ports, importing millions of tons of cargo each year. As a result, Memphis is the third largest rail center in the U.S., while the Memphis International Airport has been ranked as the top cargo airport in North America since 1992.

Memphis, TN: Founded almost 200 years ago, the city of Memphis has been a magnet for attracting people from all over the Delta, Mississippi, and West Tennessee. Today the city has a population of more than 650,000 people, making the largest city in Tennessee and the 20th largest city in the U.S.

Poplar Ave Parking Lot
Poplar Ave Parking Lot
Poplar Ave Parking Lot

 

THIS LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO FULLY UNDERSTAND ALL THE IMPLICATIONS AND RISKS OF THE OFFERING TO WHICH THE PROSPECTUS RELATES.THIS SALES AND ADVERTISING LITERATURE IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES. AN OFFERING IS MADE ONLY BY THE PROSPECTUS. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH ANY OFFERING AND IS AVAILABLE WITHOUT CHARGE UPON WRITTEN REQUEST TO MVP REIT, INC., AT 8880 WEST SUNSET ROAD, SUITE 340, LAS VEGAS, NEVADA, 89148. THE PROSPECTUS IS ALSO AVAILABLE ON THE MVP REIT WEBSITE AT MVPREIT.COM/PROSPECTUS. PHONE INQUIRIES MAY BE DIRECTED TO (877) 684-6871. NEITHER THE SEC OR THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE OR FEDERAL REGULATOR HAS APPROVED OR DISAPPROVED OF THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS MATERIAL HAS BEEN PRECEDED BY OR IS ACCOMPANIED BY A PROSPECTUS. MVP AMERICAN SECURITIES, THE BROKER-DEALER SOLICITING MVP REIT SHARES, IS A MEMBER OF FINRA/SIPC.

MVP REIT, INC. IS AN “EMERGING GROWTH COMPANY” UNDER THE FEDERAL SECURITIES LAWS AND WILL BE SUBJECT TO REDUCED PUBLIC COMPANY REPORTING REQUIREMENTS. INVESTING IN OUR COMMON STOCK IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISKS. YOU SHOULD PURCHASE THESE SECURITIES ONLY IF YOU CAN AFFORD A COMPLETE LOSS OF YOUR INVESTMENT. SEE “RISK FACTORS” IN THE COMPANY’S PROSPECTUS TO READ ABOUT THE MORE SIGNIFICANT RISKS YOU SHOULD CONSIDER BEFORE BUYING SHARES OF OUR COMMON STOCK. THESE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: WE HAVE NO OPERATING HISTORY AND NO SIGNIFICANT ASSETS; BECAUSE THIS IS A “BLIND POOL” OFFERING, YOU WILL NOT BE ABLE TO EVALUATE OUR INVESTMENTS PRIOR TO PURCHASING OUR SHARES; OUR BUSINESS STRATEGY INVOLVES SUBSTANTIAL RISKS AS MANY OF OUR INVESTMENTS ARE EXPECTED TO BE IN REAL ESTATE MARKETS THAT HAVE SUFFERED SIGNIFICANT DECLINES IN VALUES OVER THE LAST SEVERAL YEARS AND WE MAY SEEK TO ACQUIRE LOANS MADE TO HIGHER RISK BORROWERS; THERE IS NO PUBLIC TRADING MARKET FOR OUR SHARES AND WE ARE NOT REQUIRED TO LIST OR LIQUIDATE BY A CERTAIN DATE OR AT ALL; ACCORDINGLY, OUR SHARES WILL LACK LIQUIDITY AND YOU MAY HAVE TO HOLD THE INVESTMENT INDEFINITELY; THERE ARE SUBSTANTIAL CONFLICTS OF INTEREST BETWEEN US AND OUR ADVISOR AND ITS AFFILIATES; WE MAY NOT BE ABLE TO MAKE DISTRIBUTIONS ON A MONTHLY BASIS; WE CURRENTLY PAY DISTRIBUTIONS FROM SOURCES OTHER THAN CASH FLOW FROM OPERATIONS AND MAY CONTINUE TO PAY FROM SOURCES OTHER THAN CASH FLOW FROM OPERATIONS, WHICH INCLUDES THE SALE OF ASSETS, BORROWINGS OR OFFERING PROCEEDS; WE HAVE NO LIMITS ON THE AMOUNTS WE MAY PAY FROM SUCH SOURCES; IF WE APPLY DISTRIBUTIONS FROM SOURCES OTHER THAN OUR CASH FLOW FROM OPERATIONS, THE FUNDS AVAILABLE TO US FOR INVESTMENTS WOULD BE REDUCED AND YOUR SHARE VALUE MAY BE DILUTED; DISTRIBUTIONS ARE NOT GUARANTEED.