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MULTI TENANT SHOPPING CENTER FOR SALE 4064 Saint Elmo Ave 10,700 SF 100% Leased Retail Building Memphis, TN 38128 $785,000 ($73.36/SF) 10.70% Cap Rate
Investment Highlights
- 100% Leased | NOI: $83,280.00
- EXTERIOR: Painted and Misc. Repairs 2024
- PARKING LOT: Repaved August 2024
- ROOF: Replaced in 2022
Executive Summary
Fully leased retail shopping center.
Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.
Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,700 SF
Building Class
B
Year Built
1969
Price
$785,000
Price Per SF
$73.36
Cap Rate
10.70%
NOI
$84,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.25 AC
Zoning
C-P - Commercial
Frontage
165’ on Saint Elmo Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Crumpy's Hot Wings
- Accommodation and Food Services
- -
- -
- -
- Two Steps Ahead Learning Center
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Crumpy's Hot Wings | Accommodation and Food Services | - | - | - | ||
| Two Steps Ahead Learning Center | Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 09-0033-0-0050 | Improvements Assessment | $143,280 |
| Land Assessment | $14,120 | Total Assessment | $157,400 |
Property Taxes
Parcel Number
09-0033-0-0050
Land Assessment
$14,120
Improvements Assessment
$143,280
Total Assessment
$157,400
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MULTI TENANT SHOPPING CENTER FOR SALE | 4064 Saint Elmo Ave
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