3425 Poplar Ave | Memphis, TN 38111
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- LoopNet Team
3425 Poplar Ave
Memphis, TN 38111
Piccadilly · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New Lease Extension – Piccadilly recently extended their lease out for an additional 15 years.
- Absolute NNN Lease – Landlord has zero responsibilities.
- Oversized Lot- Building sits on a lot that is approximately 1.41 Acres
- Excellent Store Sales – Piccadilly reports sales well above unit volume and at a very healthy rent to sales ratio.
- Corporate Guaranty – Lease is guaranteed by Piccadilly’s corporate entity.
- Above Average Household Income – In the immediate area the average household income exceeds $110,000.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,157 SF
Building Class
C
Year Built/Renovated
1992/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.41 AC
Zoning
PD
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
164’ on Poplar Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 04-5127-0-0058 | Improvements Assessment | $363,360 |
| Land Assessment | $193,200 | Total Assessment | $556,560 |
PROPERTY TAXES
Parcel Number
04-5127-0-0058
Land Assessment
$193,200
Improvements Assessment
$363,360
Total Assessment
$556,560
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