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Freestanding Retail - Southeast Memphis, TN 6645 E Shelby Dr 6,828 SF Retail Building Memphis, TN 38141 $1,107,280 CAD ($162.17 CAD/SF) 7.94% Cap Rate
Investment Highlights
- Positioned along one of Memphis’ well-traveled commercial corridors, 6645 E Shelby Drive, Memphis, TN 38141, presents a stabilized retail investment.
- Built in 1998 and zoned CA (Commercial-Agricultural), the property combines durable construction with flexible commercial zoning.
- Positioned along E Shelby Drive, a key arterial roadway that provides excellent connectivity to surrounding neighborhoods.
- The property consists of a 6,828 SF retail building situated on a 0.89- acre (53,542 SF) site. Currently occupied by Beauty Trendz.
- Located in the established Hickory Hill neighborhood in southeast Memphis, an area with a strong mix of residential, retail, & light industrial uses.
- Supported by nearby schools, parks, shopping centers, & dailyneeds retail, the area is highly convenient & accessible for both residents & business.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 6,828 SF Freestanding Retail Property located at 6645 E Shelby Drive in Memphis, TN. The asset consists of a 6,828 SF retail building situated on a 0.89-acre (53,542 SF) parcel and is currently occupied by Beauty Trendz, providing steady in-place tenancy. Positioned along a high-traffic retail corridor, the property benefits from strong visibility and accessibility, making it well-suited for long-term retail use and stable income potential, providing for a great investment opportunity.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,828 SF
Building Class
B
Year Built
1997
Price
$1,107,280 CAD
Price Per SF
$162.17 CAD
Cap Rate
7.94%
NOI
$87,946 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.18
Lot Size
0.87 AC
Zoning
CL - CA (Commercial-Agricultural).
Parking
40 Spaces (5.86 Spaces per 1,000 SF Leased)
Frontage
192’ on Shelby Dr
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty Trendz
- Professional, Scientific, and Technical Services
- 6,828 SF
- $1.43 CAD
- Modified Gross
- Apr 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty Trendz | Professional, Scientific, and Technical Services | 6,828 SF | $1.43 CAD | Modified Gross | Apr 2029 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-3700-0-0557 | Improvements Assessment | $222,231 CAD |
| Land Assessment | $118,590 CAD | Total Assessment | $340,821 CAD |
Property Taxes
Parcel Number
09-3700-0-0557
Land Assessment
$118,590 CAD
Improvements Assessment
$222,231 CAD
Total Assessment
$340,821 CAD
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Freestanding Retail - Southeast Memphis, TN | 6645 E Shelby Dr
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