3705 Malco Way
Memphis, TN 38125
Majestic Retail Centre · Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- Priced well below replacement cost at $140 per foot
- Stable and Seasoned tenant base
- Strong demographics with over 98,893 of people within a 3 mile radius
EXECUTIVE SUMMARY
• Priced well below replacement cost at $140 per foot
• In place rent of $11.74 per foot NNN well below market range of$15-$16
• High Traffic Corridor with 39,000 VPD
• Strong demographics with over 98,893 of people within a 3 mile radius
• Stable and Seasoned tenant base
• Immediate cash flow with tremendous future upside
• In place rent of $11.74 per foot NNN well below market range of$15-$16
• High Traffic Corridor with 39,000 VPD
• Strong demographics with over 98,893 of people within a 3 mile radius
• Stable and Seasoned tenant base
• Immediate cash flow with tremendous future upside
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,181 SF
Building Class
B
Year Built
1998
Price
$3,990,000
Price Per SF
$137
Cap Rate
8.40%
NOI
$335,160
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.50 AC
Zoning
CS - Commercial services zoning
Parking
150 Spaces (5.14 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
Parcel Number | 09-3500-0-0608 | Improvements Assessment | $345,320 |
Land Assessment | $236,440 | Total Assessment | $581,760 |