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MULTI TENANT SHOPPING CENTER FOR SALE 4064 Saint Elmo Ave 10,700 SF 100% Leased Retail Building Memphis, TN 38128 $1,095,797 CAD ($102.41 CAD/SF) 10.70% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased | NOI: $83,280.00
- EXTERIOR: Painted and Misc. Repairs 2024
- PARKING LOT: Repaved August 2024
- ROOF: Replaced in 2022
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,700 SF
Building Class
B
Year Built
1969
Price
$1,095,797 CAD
Price Per SF
$102.41 CAD
Cap Rate
10.70%
NOI
$117,257 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.25 AC
Zoning
C-P
Frontage
165’ on Saint Elmo Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Crumpy's Hot Wings
- Accommodation and Food Services
- -
- -
- -
- Two Steps Ahead Learning Center
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Crumpy's Hot Wings | Accommodation and Food Services | - | - | - | ||
| Two Steps Ahead Learning Center | Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 09-0033-0-0050 | Improvements Assessment | $200,151 CAD |
| Land Assessment | $19,725 CAD | Total Assessment | $219,875 CAD |
PROPERTY TAXES
Parcel Number
09-0033-0-0050
Land Assessment
$19,725 CAD
Improvements Assessment
$200,151 CAD
Total Assessment
$219,875 CAD
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MULTI TENANT SHOPPING CENTER FOR SALE | 4064 Saint Elmo Ave
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