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2094 Frayser Blvd
Memphis, TN 38127
Retail Property For Sale
Investment Highlights
- 100% Occupied
- Ample on-site parking
Executive Summary
2,950 SF NNN Retail Strip Center
100% Occupied with 4 Tenants
$44,564 Net Operating Income
Sales Price: $524,285
Ample on-site parking with 20 spaces
Located at the prominent corner of Frayser Blvd. and Overton Crossing
High-visibility corner location with traffic counts over 9,000 vehicles per day
100% Occupied with 4 Tenants
$44,564 Net Operating Income
Sales Price: $524,285
Ample on-site parking with 20 spaces
Located at the prominent corner of Frayser Blvd. and Overton Crossing
High-visibility corner location with traffic counts over 9,000 vehicles per day
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,075 SF
Building Class
C
Year Built/Renovated
1954/2007
Price
$524,285
Price Per SF
$170.50
Cap Rate
8.50%
NOI
$44,564
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.34 AC
Zoning
CL - Commercial
Parking
20 Spaces (6.66 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 07-2010-0-0036 | Improvements Assessment | $98,560 |
| Land Assessment | $13,720 | Total Assessment | $112,280 |
Property Taxes
Parcel Number
07-2010-0-0036
Land Assessment
$13,720
Improvements Assessment
$98,560
Total Assessment
$112,280
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