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Value-Add / Owner-User Opportunity - Memphis 4177 Elvis Presley Blvd 9,295 SF Retail Building Memphis, TN 38116 $895,000 ($96.29/SF) 8.98% Cap Rate
Investment Highlights
- This property may also be available for lease. Contact the broker for details.
- This is a value-add opportunity with two years remaining on the corporate Pep Boys lease, along with 2,200 SF of vacant flex warehouse space.
- The surrounding area offers strong demographics, with a population of more than 144,000 people.
- The property presents an owner-user opportunity featuring 9,095 total SF and three automotive bays.
- The property is located less than one mile from Graceland.
- The property is offered below replacement cost.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 9,295 SF Former Pep Boys property located at 4177 Elvis Presley Blvd in Memphis, TN. In addition, the property features a vacant 2,200 SF flex warehouse space, offering a compelling value-add opportunity for future income growth.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,295 SF
Building Class
B
Year Built
2017
Price
$895,000
Price Per SF
$96.29
Cap Rate
8.98%
NOI
$80,396
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
CMU-3 - Commercial Mixed Use Zoning
Parking
10 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
134’ on Elvis Presley Boulevard
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Former Pep Boys
- Retailer
- 9,295 SF
- $11.33
- Double Net
- Dec 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Former Pep Boys | Retailer | 9,295 SF | $11.33 | Double Net | Dec 2027 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $149,120 | |
| Land Assessment | $47,200 | Total Assessment | $196,320 |
Property Taxes
Parcel Numbers
Land Assessment
$47,200
Improvements Assessment
$149,120
Total Assessment
$196,320
Contacts
-
Jess Kappelman -
Luke Wakefield -
Johnny Friberg -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Value-Add / Owner-User Opportunity - Memphis | 4177 Elvis Presley Blvd
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