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3360 N Watkins St
Memphis, TN 38127
Retail Property For Sale


EXECUTIVE SUMMARY
The premises are leased to Oak Street Health and Regions Bank, both with more than 4 years remaining on their initial lease terms. The Asset underwent a significant renovation in 2020 that included a brand-new roof with a 20-year warranty.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,000 SF
Building Class
C
Year Built/Renovated
1994/2020
Price
$3,000,000
Price Per SF
$176.47
Cap Rate
6.85%
NOI
$205,359
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.50 AC
Zoning
CMU-1
Parking
86 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 07-2016-0-0026C | Improvements Assessment | $985,440 |
| Land Assessment | $84,960 | Total Assessment | $1,070,400 |
PROPERTY TAXES
Parcel Number
07-2016-0-0026C
Land Assessment
$84,960
Improvements Assessment
$985,440
Total Assessment
$1,070,400
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