Log In/Sign Up
Your email has been sent.
Ridgeway Crossing - Memphis, TN 5940-5992 Mt Moriah Rd 17,800 SF 85% Leased Retail Building Memphis, TN 38115 $1,850,000 ($103.93/SF) 8.17% Cap Rate
Investment Highlights
- Immediate upside through 2 vacant suites and 2 month-to-month tenants, providing the opportunity to increase occupancy, execute market-rate renewals.
- Positioned on Mt. Moriah Road with 50,000+ VPD, Ridgeway Crossing benefits from a highly visible location less than 1 mile from Walmart Supercenter.
- With a combination of long-term leases, near-term expirations, and month-to-month tenants, investors have the flexibility to increase rents.
- The center is occupied by a complementary mix of daily-needs and neighborhood service tenants, including Asiana Market, Asiana Garden, Sunny Hair Etc.
- The property serves a robust trade area with over 210,000 residents and an average household income exceeding $103,693 within a 5-mile radius.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 17,800 SF Ridgeway Crossing located at 5940–5992 Mt Moriah Road in Memphis, TN. This offering presents a compelling value-add opportunity with immediate upside through 2 vacant suites and 2 month-to-month tenants, providing the potential to increase occupancy, achieve market-rate renewals, and drive long-term NOI 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
17,800 SF
Building Class
B
Year Built
1990
Price
$1,850,000
Price Per SF
$103.93
Cap Rate
8.17%
NOI
$151,121
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.31 AC
Zoning
CL
Parking
80 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
311’ on Mt Moriah Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 745 Cash
- Retailer
- 1,300 SF
- $12.00
- Modified Gross
- Jul 2026
- Asiana Garden Restaurant
- Accommodation and Food Services
- 4,200 SF
- $10.00
- Modified Gross
- Dec 2027
- Asiana Market
- Retailer
- 2,400 SF
- $17.00
- Modified Gross
- Sep 2028
- Bakery Cafe
- Accommodation and Food Services
- 1,200 SF
- $15.00
- Modified Gross
- Feb 2029
- Elite Event Center
- Arts, Entertainment, and Recreation
- 1,200 SF
- $15.00
- Modified Gross
- Jul 2026
- OTA World
- Retailer
- 1,200 SF
- $10.00
- Modified Gross
- Jun 2028
- Sunny Hair
- Professional, Scientific, and Technical Services
- 1,200 SF
- $15.00
- Modified Gross
- Jul 2030
- Tax Kings
- Finance and Insurance
- 1,200 SF
- $14.00
- Modified Gross
- -
- The Barbers Zone
- Professional, Scientific, and Technical Services
- 1,200 SF
- $15.00
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 745 Cash | Retailer | 1,300 SF | $12.00 | Modified Gross | Jul 2026 | |
| Asiana Garden Restaurant | Accommodation and Food Services | 4,200 SF | $10.00 | Modified Gross | Dec 2027 | |
| Asiana Market | Retailer | 2,400 SF | $17.00 | Modified Gross | Sep 2028 | |
| Bakery Cafe | Accommodation and Food Services | 1,200 SF | $15.00 | Modified Gross | Feb 2029 | |
| Elite Event Center | Arts, Entertainment, and Recreation | 1,200 SF | $15.00 | Modified Gross | Jul 2026 | |
| OTA World | Retailer | 1,200 SF | $10.00 | Modified Gross | Jun 2028 | |
| Sunny Hair | Professional, Scientific, and Technical Services | 1,200 SF | $15.00 | Modified Gross | Jul 2030 | |
| Tax Kings | Finance and Insurance | 1,200 SF | $14.00 | Modified Gross | - | |
| The Barbers Zone | Professional, Scientific, and Technical Services | 1,200 SF | $15.00 | Modified Gross | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-3100-0-0139 | Improvements Assessment | $204,040 |
| Land Assessment | $165,880 | Total Assessment | $369,920 |
Property Taxes
Parcel Number
09-3100-0-0139
Land Assessment
$165,880
Improvements Assessment
$204,040
Total Assessment
$369,920
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Ridgeway Crossing - Memphis, TN | 5940-5992 Mt Moriah Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.