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4934-4938 Poplar Ave 9,998 SF 100% Leased Retail Building Memphis, TN 38117 $3,000,000 ($300.06/SF) 7.54% Cap Rate
Executive Summary
Prime Investment or Owner User Opportunity in the Heart of East Memphis
Frontage on Poplar Avenue
Rear Parking Lot with 29 spaces and 12 spaces on front and side
1st unit available for lease, former AT&T
Poplar & Payne Occupies other 2 units
Strong in Place cash flow with future upside
Below replacement cost
Email agent for full cash flow details
Frontage on Poplar Avenue
Rear Parking Lot with 29 spaces and 12 spaces on front and side
1st unit available for lease, former AT&T
Poplar & Payne Occupies other 2 units
Strong in Place cash flow with future upside
Below replacement cost
Email agent for full cash flow details
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,998 SF
Building Class
B
Year Built/Renovated
1964/1976
Price
$3,000,000
Price Per SF
$300.06
Cap Rate
7.54%
NOI
$226,184
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.75 AC
Zoning
CH
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,885 SF Available For Lease November 1,2026 Asking $27.00 PSF with $4.33 NNN Prime visibility on Poplar Avenue Ideal for owner-user or investor
| Space | Size | Space Use | Position | Available |
| 4938 | 3,885 SF | Retail | - | Nov 2026 |
4938
| Size |
| 3,885 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Nov 2026 |
4938
| Size | 3,885 SF |
| Space Use | Retail |
| Position | - |
| Available | Nov 2026 |
3,885 SF Available For Lease November 1,2026 Asking $27.00 PSF with $4.33 NNN Prime visibility on Poplar Avenue Ideal for owner-user or investor
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-6008-0-0106 | Improvements Assessment | $126,920 |
| Land Assessment | $272,880 | Total Assessment | $399,800 |
Property Taxes
Parcel Number
05-6008-0-0106
Land Assessment
$272,880
Improvements Assessment
$126,920
Total Assessment
$399,800
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4934-4938 Poplar Ave