342+/- Acres Motorsports Complex – Prime for Development
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Memphis International Speedway Property
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342± Acres - Large-Scale Development Opportunity.
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IH-Heavy Industrial Zoning - Supports a Wide Range of Uses.
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Airport Adjacent – Joins Charles W. Baker Airport for Flexibility.
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4,400 Ft. Drag Strip - Established Motorsports Infrastructure. Partially Demoed Ready for Your Vision and Buildout
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3/4 Mile Oval Track - Hosted Multiple NASCAR Events.
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Railroad Adjacent - Added Logistics and Distribution Potential.
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Strategic Memphis Location - Great Access to I-40, I-269 & U.S. 51.
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Existing Utilities - Water, Gas, Electric and Approved Sewer Access.
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National Motorsports Legacy - Established Destination for Racing and Major Events.
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Future Potential - Conceptual Plan for Large-Scale Logistics Development
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Subject to Sale Prior to the Auction without Notice – Pre-Auction Offers Welcomed - Brokers Protected!
5500 Victory Lane presents a rare ±342-acre development opportunity in Millington, Tennessee, combining established motorsports infrastructure with significant industrial potential. The property features a quarter-mile drag strip, ¾ mile oval track, heavy-industrial zoning, rail access, existing utilities, and approved sewer access, along with conceptual plans supporting 4M+ SF of logistics development and 42+ MW of potential power capacity. Strategically located with access to I-40, I-269, and U.S. 51, the property offers scale and flexibility for motorsports, industrial, logistics, and investment uses.
All Property sold in “as-is, where-is condition. The Property is being offered through a Sealed Bid Auction Process (the “Sealed Bid”). Persons or entities wishing to participate in and qualify for the auction event (“Bidder”) are required to submit a fully executed Initial Bid & Binding Purchase Agreement along with a wire transfer of $100,000 (the “Initial Deposit”) no later than 5:00 PM CT, Tuesday, November 17, 2026. A 10% buyer’s premium will be added to the high bid to determine the total sale price. The parties submitting the three (3) highest Sealed Bids and/or those parties submitting Sealed Bids in an amount equivalent to Seventy-Five percent (75%) or more of the amount of the highest Sealed Bid received shall be deemed Qualified Bidders and shall be eligible to participate in a second round of online bidding (the “Auction”) to be conducted on Thursday, November 19th or Friday, November 20th. Qualified Bidders will be notified the specific date and time for each corresponding property Auction. After the conclusion of the Sealed Bid or Auction, the winning bidder is required to make an additional deposit (the “Additional Deposit”) to Tranzon in an amount totaling ten-percent (10%) of the total purchase price (the “Total Deposit”) within 24 hours of being declared the winning bidder. The Initial Deposit is credited toward the Total Deposit. The balance of the total sale price is due at closing within the timeframe specified in the Initial Bid & Binding Purchase Agreement. Seller may elect to accept the highest Sealed Bid received at its sole discretion. Seller may forego an Auction and convert any future round of bidding to a call for Best & Final Bids at its sole discretion. All Bids are Irrevocable upon submission to the Agent or Seller. The Seller will provide a Special Warranty Deed at closing. Please see the Bid Process and Instructions, and a sample Initial Bid & Binding Purchase Agreement for complete sale terms. All Properties are selling in their As Is and Where Is condition, subject to all easements, covenants, restrictions, leases and tenants in possession. Buyers are cautioned to carefully review the property information and terms and conditions. All Properties are subject to sell prior to the auction without notice.
Tranzon Asset Advisors, Tim Mast, TN Broker/Auctioneer #5252