thank you
Your email has been sent.
100% LEASED SHOPPING CENTER 4064 Saint Elmo Ave 10,700 SF 100% Leased Retail Building Memphis, TN 38128 $785,000 ($73.36/SF) 10.70% Cap Rate
INVESTMENT HIGHLIGHTS
- ROOF: Replaced in 2022
- EXTERIOR: Painted and Misc. Repairs 2024
- PARKING LOT: Repaved August 2024
EXECUTIVE SUMMARY
Fully leased retail shopping center.
Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.
Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,700 SF
Building Class
B
Year Built
1969
Price
$785,000
Price Per SF
$73.36
Cap Rate
10.70%
NOI
$84,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.25 AC
Zoning
C-P
Frontage
165’ on Saint Elmo Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Crumpy's Hot Wings
- Accommodation and Food Services
- -
- -
- -
- Two Steps Ahead Learning Center
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Crumpy's Hot Wings | Accommodation and Food Services | - | - | - | ||
| Two Steps Ahead Learning Center | Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 09-0033-0-0050 | Improvements Assessment | $143,280 |
| Land Assessment | $14,120 | Total Assessment | $157,400 |
PROPERTY TAXES
Parcel Number
09-0033-0-0050
Land Assessment
$14,120
Improvements Assessment
$143,280
Total Assessment
$157,400
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
100% LEASED SHOPPING CENTER | 4064 Saint Elmo Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.