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3851 S Perkins Rd 3,333 SF 100% Leased Retail Building Memphis, TN 38118 $514,500 CAD ($154.37 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the Southeast Memphis
- Exceptionally well-positioned in Memphis’ most active industrial submarket, surrounded by a workforce of 28,000+ employees within three miles
- 3,618 SF Single-Tenant Building
EXECUTIVE SUMMARY
3851 S Perkins Rd is a 3,618 square foot single-tenant building located in Southeast Memphis, Tennessee. The property is zoned EMP (Employment Industrial District) and is situated within Memphis’ most active industrial submarket. It is surrounded by a workforce of over 28,000 employees within a three-mile radius, making it an ideal location for industrial or employment-focused operations
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,333 SF
Building Class
C
Year Built
1973
Price
$514,500 CAD
Price Per SF
$154.37 CAD
Cap Rate
9%
NOI
$46,305 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.57 AC
Zoning
EMP
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
53’ on Perkins Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Tokyo Spa
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Tokyo Spa | Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 07-3040-0-0034 | Improvements Assessment | $80,025 CAD |
| Land Assessment | $24,862 CAD | Total Assessment | $104,887 CAD |
PROPERTY TAXES
Parcel Number
07-3040-0-0034
Land Assessment
$24,862 CAD
Improvements Assessment
$80,025 CAD
Total Assessment
$104,887 CAD
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3851 S Perkins Rd
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