3705 Malco Way
Memphis, TN 38125

Majestic Retail Centre · Retail Property For Sale

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

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

  • Listing ID: 34819940

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 3705 Malco Way, Memphis, TN 38125