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Kirby Whitten Shops 2690 Kirby Whitten Rd 7,500 SF 100% Leased Retail Building Memphis, TN 38133 $1,513,000 ($201.73/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Security – Weighted average lease term of 3.2 years with long term operating history.
- Strip Center Intrinsics – Kirby Whitten Shops embodies the low risk associated with smaller, leasable tenant spaces.
- Limited Retail Inventory in the Area – Sticky tenants.
- Rent Growth – Several tenants are paying below market rent, presenting an opportunity for future rent growth.
- E-Commerce Resilience – Tenancy profile is predominantly service oriented, offering resistance to online retail disruption.
- Attractive Retail Design – Newer vintage building: Features prominent signage, ample parking, and high visibility, ideal for tenant success.
EXECUTIVE SUMMARY
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,500 SF
Building Class
B
Year Built
2016
Price
$1,513,000
Price Per SF
$201.73
Cap Rate
7.50%
NOI
$113,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
CMU-2
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Wheelchair Accessible
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The Chiro Place
- -
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The Chiro Place | - | - | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-5100-0-0164 | Improvements Assessment | $328,160 |
| Land Assessment | $96,600 | Total Assessment | $424,760 |
PROPERTY TAXES
Parcel Number
09-5100-0-0164
Land Assessment
$96,600
Improvements Assessment
$328,160
Total Assessment
$424,760
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Kirby Whitten Shops | 2690 Kirby Whitten Rd
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