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1266 Sycamore View

12,750 SF 44% Leased Retail Building Memphis, TN 38134 $1,350,000 ($106/SF) 7.73% Cap Rate

Investment Highlights

  • High visibility
  • Brand new roof, very few landlord expenses
  • Solid tenants with long-term placement goals

Executive Summary

9 bay retail property fully leased to 3 tenants. Tenant 1 is a day care center with county contracts that rents 5 bays. Tenant 2 is a charity organization that rents 1 bay. Tenant 3 is a salon that rents 3 bays. Property has a brand new, six-figure TPO roof with a multi-year product warranty, completed fall 2022. The tenants are responsive, well-performing, and are looking to be in the building long term. Upside on rents and making the property NNN via tenants reimbursing ownership for taxes and insurance. Contact agent for full Offering Memorandum.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,750 SF
Building Class
B
Year Built
1997
Price
$1,350,000
Price Per SF
$106
Cap Rate
7.73%
NOI
$104,346
Percent Leased
44%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.07 AC
Zoning
CP - Commercial planning
Parking
55 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
172 FT on Sycamore View Rd

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1-5
  • 1,416-7,083 SF
  • Retail
  • In-Line
  • Now

Up to 5 bays available in this fantastic location. Just over 7,000 sqft available in total. The whole space was previously used as a daycare facility and passed all the appropriate inspections for those requirements. Can be rented as a single bay, or the entire space. Priced at base rent plus NNN/CAM all inclusive. Brand new roof, multiple updates to HVAC, electrical, and plumbing.

Space Size Space Use Position Available
1-5 1,416-7,083 SF Retail In-Line Now

1-5

Size
1,416-7,083 SF
Space Use
Retail
Position
In-Line
Available
Now

1-5

Size 1,416-7,083 SF
Space Use Retail
Position In-Line
Available Now

Up to 5 bays available in this fantastic location. Just over 7,000 sqft available in total. The whole space was previously used as a daycare facility and passed all the appropriate inspections for those requirements. Can be rented as a single bay, or the entire space. Priced at base rent plus NNN/CAM all inclusive. Brand new roof, multiple updates to HVAC, electrical, and plumbing.

Nearby Major Retailers

Krispy Krunchy Chicken
Back Yard Burgers
Cracker Barrel Old Country Store
Waffle House
D-BAT
Starbucks
IHOP
Shoney's
Krystal

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-9014-0-0193
Land Assessment
$59,360 (2024)
Improvements Assessment
$405,640 (2024)
Total Assessment
$465,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 28767117

  • Date on Market: 6/15/2023

  • Last Updated:

  • Address: 1266 Sycamore View, Memphis, TN 38134

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