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INVESTMENT OPPORTUNITY 2519 Broad Ave 4,553 SF 100% Leased Retail Building Memphis, TN 38112 $1,200,000 ($263.56/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime NNN Investment in Memphis Arts District
- Historic Broad Ave Property | Newly Renovated with a 10-Year Lease in Place
- Fully Leased Asset in Booming Broad Avenue Corridor
EXECUTIVE SUMMARY
Prime Investment Opportunity – 2519 Broad Ave, Memphis, TN 38112
Seize the opportunity to own a 4,553 SF property in the heart of Memphis’ thriving Broad Avenue Arts District. Bud and Brews, a popular Nashville-based concept, has signed a 10-year lease, which commenced just a few months ago, offering long-term stability for investors.
Investment Highlights:
-Strong Tenant: Bud and Brews, a well-established brand expanding into Memphis
-Secure Income: Lease at $18.50/SF with 2.5% annual increases
-Long-Term Upside: Two 5-year renewal options post-primary term
-High-Growth Location: Broad Ave is a sought-after destination for retail, dining, and entertainment
-Major New Development: A large 400 unit multifamily project has just been completed directly across the street, adding significant foot traffic and consumer demand
-High-traffic location with 43,400+ cars/day on nearby Sam Cooper Blvd
Asking Price: $1.2M – A compelling opportunity in a booming market. Contact us today to learn more!
Seize the opportunity to own a 4,553 SF property in the heart of Memphis’ thriving Broad Avenue Arts District. Bud and Brews, a popular Nashville-based concept, has signed a 10-year lease, which commenced just a few months ago, offering long-term stability for investors.
Investment Highlights:
-Strong Tenant: Bud and Brews, a well-established brand expanding into Memphis
-Secure Income: Lease at $18.50/SF with 2.5% annual increases
-Long-Term Upside: Two 5-year renewal options post-primary term
-High-Growth Location: Broad Ave is a sought-after destination for retail, dining, and entertainment
-Major New Development: A large 400 unit multifamily project has just been completed directly across the street, adding significant foot traffic and consumer demand
-High-traffic location with 43,400+ cars/day on nearby Sam Cooper Blvd
Asking Price: $1.2M – A compelling opportunity in a booming market. Contact us today to learn more!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,553 SF
Building Class
C
Year Built
1910
Price
$1,200,000
Price Per SF
$263.56
Cap Rate
7.02%
NOI
$84,240
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
CL
Parking
4 Spaces (0.88 Spaces per 1,000 SF Leased)
Frontage
40’ on Broad Avenue
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-3021-0-0001 | Improvements Assessment | $131,960 |
| Land Assessment | $36,880 | Total Assessment | $168,840 |
PROPERTY TAXES
Parcel Number
03-3021-0-0001
Land Assessment
$36,880
Improvements Assessment
$131,960
Total Assessment
$168,840
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INVESTMENT OPPORTUNITY | 2519 Broad Ave
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