610-626 Minor Rd 15,000 SF 100% Leased Retail Building Memphis, TN 38111 $1,499,900 ($99.99/SF) 10.29% Cap Rate

For Sale | 15,000 SF | Value Added Strip Center | 100% Occupied | Retail/Office Space
Adjacent to the University of Memphis | Walkable Location | Flexible Use
Description:
Myers Commercial Real Estate is proud to present this retail/flex building nestled in the University of Memphis neighborhood. The property is 15,000 square feet multi tenant strip center. The surrounding retail synergy is a hub for students to eat, live, work, and play. The current tenants provide irreplaceable in-person services to the Community. The property has been well maintained with a new roof in late 2019. The recently built out Southern Animal Hospital cost of $495,000 and the 4,000 SF vacancy recently vacated and ready for immediate occupancy for a new tenant.
Conveniently situated, the property enjoys high visibility, strong foot traffic, and convenient access. Located just steps from the University of Memphis, it’s surrounded by a dynamic mix of restaurants, cafés, student housing, and neighborhood services — offering unmatched convenience and exposure in a walkable environment.
Property Highlights:
PROPERTY TYPE: Retail or office space
NOI: $154,309
CAP RATE: 10.29%
OCCUPANCY: 100%
SUBMARKET: East Memphis (University of Memphis area)
PROPERTY TYPE: Strip Center
BUILT AREA: 15,000 SF
TYPICAL BAY SIZE: 2,000 SF
LOT SIZE: 0.917 acres
PARCEL ID: 046011 00022C
FRONTAGE: 200 feet +/- (Minor Rd)
PARKING: 38 parking spots
Tenants include Oriental Rug Cleaners, Southern Crossing Animal Hospital, Dog on the Run, Mane Up Memphis, and Bad Timing.