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- LoopNet Team
3705 Malco Way
Memphis, TN 38125
Majestic Retail Centre · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 3705 MALCO WAY , MEMPHIS, TN 38125
Majestic Centre is 100% leased very busy 28,758 square feet strip centre on approximately 3.5 acres strategically located at the intersection of Winchester Road and Malco Way along the main retail corridor in Memphis, TN. Less than ½ mile from the subject property is a full diamond interchange on Highway 385 hosting with more than 117,000 vehicles per day. The tenant mix of restaurants, service, retail, dentistry is perfect for Neighbourhood sitting at the entrance to Malco Theatres. Offered at $3.5M (8% Cap) at $123 per square foot price, with tenured tenants occupying majority of the space, few tenants paying below market rent, and some on gross & modified gross leases, Buyer gets the opportunity to increase revenue by converting gross leases to NNN and bringing rents to market
PROPERTY TAXES
| Parcel Number | 09-3500-0-0608 | Improvements Assessment | $373,600 |
| Land Assessment | $297,000 | Total Assessment | $670,600 |
PROPERTY TAXES
