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3851 S Perkins Rd 3,333 SF 100% Leased Retail Building Memphis, TN 38118 $375,000 ($112.51/SF) 9% Cap Rate
Investment Highlights
- Located in the Southeast Memphis
- Exceptionally well-positioned in Memphis’ most active industrial submarket, surrounded by a workforce of 28,000+ employees within three miles
- 3,618 SF Single-Tenant Building
Executive Summary
3851 S Perkins Rd is a 3,618 square foot single-tenant building located in Southeast Memphis, Tennessee. The property is zoned EMP (Employment Industrial District) and is situated within Memphis’ most active industrial submarket. It is surrounded by a workforce of over 28,000 employees within a three-mile radius, making it an ideal location for industrial or employment-focused operations
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,333 SF
Building Class
C
Year Built
1973
Price
$375,000
Price Per SF
$112.51
Cap Rate
9%
NOI
$33,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.57 AC
Zoning
EMP
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
53’ on Perkins Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tokyo Spa
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tokyo Spa | Services | - | - | - |
Property Taxes
| Parcel Number | 07-3040-0-0034 | Improvements Assessment | $57,680 |
| Land Assessment | $17,920 | Total Assessment | $75,600 |
Property Taxes
Parcel Number
07-3040-0-0034
Land Assessment
$17,920
Improvements Assessment
$57,680
Total Assessment
$75,600
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3851 S Perkins Rd
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