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6699 Fletcher Creek Cv 8,000 SF 100% Leased Industrial Building Memphis, TN 38133 $820,000 ($102.50/SF) 1% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner/User/Investor Potential
- North East Shelby County
- Office/Warehouse located I-240 at Whitten Road
EXECUTIVE SUMMARY
User/Investor
6699 Fletcher Creek Cove MEM TN USA
.688 acre Lot (123'X278), EMP (Employment/Light Industrial) Zoning with a 8,000 sf single Story Concrete Block Office/Warehouse building of (100' X 80'), built in 1999 with 2 Grade Level Doors-each side, (East and South) Fenced rear Lot-East on Suite #102 as the South side has a paved Lot.
2 Tenants: South & North:
South: Suite #101 Office/Storage/Warehouse 4,000 sf Shipping of E-Cigarette & Automotive Rental currently paying $2,450/month Modified Gross w/ annual $100.00 per month each year increases on the annual anniversary each May 1st;
North: Suite #102 Office/Service/Warehouse 4,000 sf Operational Pest Control $3,500/month Gross on MTM until building is sold.
9013781300 tuckerbeck.com tbeck@crye-leike.com commercial real estate memphis
6699 Fletcher Creek Cove MEM TN USA
.688 acre Lot (123'X278), EMP (Employment/Light Industrial) Zoning with a 8,000 sf single Story Concrete Block Office/Warehouse building of (100' X 80'), built in 1999 with 2 Grade Level Doors-each side, (East and South) Fenced rear Lot-East on Suite #102 as the South side has a paved Lot.
2 Tenants: South & North:
South: Suite #101 Office/Storage/Warehouse 4,000 sf Shipping of E-Cigarette & Automotive Rental currently paying $2,450/month Modified Gross w/ annual $100.00 per month each year increases on the annual anniversary each May 1st;
North: Suite #102 Office/Service/Warehouse 4,000 sf Operational Pest Control $3,500/month Gross on MTM until building is sold.
9013781300 tuckerbeck.com tbeck@crye-leike.com commercial real estate memphis
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,000
|
$7.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,000
|
$7.13
|
| Taxes |
$13,323
|
$1.67
|
| Operating Expenses |
$7,847
|
$0.98
|
| Total Expenses |
$21,170
|
$2.65
|
| Net Operating Income |
$35,830
|
$4.48
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $7.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $7.13 |
| Taxes | |
|---|---|
| Annual | $13,323 |
| Annual Per SF | $1.67 |
| Operating Expenses | |
|---|---|
| Annual | $7,847 |
| Annual Per SF | $0.98 |
| Total Expenses | |
|---|---|
| Annual | $21,170 |
| Annual Per SF | $2.65 |
| Net Operating Income | |
|---|---|
| Annual | $35,830 |
| Annual Per SF | $4.48 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Since 1955, we have been providing safe, quality and professional pest control services to the Memphis area. As a family-owned business started by Herbert E. West, Jr., he focused on treating our clients like family with the best customer service in the area
PRIMECARE is the most trusted name for wheelchair, stretcher and ambulatory transportation in the Memphis area. Our compassionate drivers and friendly staff work hard every day to provide the absolute best service possible.
- X-Bar Vapes
- Retailer
- 3,000 SF
- $6.00
- Modified Gross
- May 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| M & W Termite Control Co Inc | Services | 4,000 SF | $7.50 | Modified Gross | Jul 2024 | |
| PRIMECARE Transport Services | Health Care and Social Assistance | 1,000 SF | $9.00 | Modified Gross | Sep 2024 | |
| X-Bar Vapes | Retailer | 3,000 SF | $6.00 | Modified Gross | May 2029 |
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PROPERTY TAXES
| Parcel Number | 08-9028-B0-0031 | Total Assessment | $277,400 (2025) |
| Land Assessment | $38,960 (2025) | Annual Taxes | $13,323 ($1.67/SF) |
| Improvements Assessment | $238,440 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
08-9028-B0-0031
Land Assessment
$38,960 (2025)
Improvements Assessment
$238,440 (2025)
Total Assessment
$277,400 (2025)
Annual Taxes
$13,323 ($1.67/SF)
Tax Year
2023
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6699 Fletcher Creek Cv
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