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4934-4938 Poplar Ave 9,998 SF 100% Leased Retail Building Memphis, TN 38117 $4,205,790 CAD ($420.66 CAD/SF) 7.54% Cap Rate
Executive Summary
Prime Investment or Owner User Opportunity in the Heart of East Memphis
Frontage on Poplar Avenue
Rear Parking Lot with 29 spaces and 12 spaces on front and side
AT&T occupies 1 unit, Poplar & Payne Occupies the other 2 units.
Strong in Place cash flow with future upside
below replacement cost
email agent for full cash flow details
Frontage on Poplar Avenue
Rear Parking Lot with 29 spaces and 12 spaces on front and side
AT&T occupies 1 unit, Poplar & Payne Occupies the other 2 units.
Strong in Place cash flow with future upside
below replacement cost
email agent for full cash flow details
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,998 SF
Building Class
B
Year Built/Renovated
1964/1976
Price
$4,205,790 CAD
Price Per SF
$420.66 CAD
Cap Rate
7.54%
NOI
$317,094 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.75 AC
Zoning
CH
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Restaurant
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-6008-0-0106 | Improvements Assessment | $180,315 CAD |
| Land Assessment | $387,681 CAD | Total Assessment | $567,996 CAD |
Property Taxes
Parcel Number
05-6008-0-0106
Land Assessment
$387,681 CAD
Improvements Assessment
$180,315 CAD
Total Assessment
$567,996 CAD
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4934-4938 Poplar Ave
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