MULTI TENANT SHOPPING CENTER FOR SALE 4064 Saint Elmo Ave 10,700 SF 100% Leased Retail Building Memphis, TN 38128 $1,073,134 CAD ($100.29 CAD/SF) 10.70% Cap Rate

Fully leased retail shopping center.
Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.