Majestic Retail Centre 3705 Malco Way 29,181 SF 100% Leased Retail Building Memphis, TN 38125 $3,990,000 ($136.73/SF) 8.40% Cap Rate




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
• 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
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Asg Staffing
- Administrative and Support Services
- -
- -
- -
- -
I am a Memphis native born and raised right here in the Bluff City. I’ve always enjoyed cooking and it started with my lovely Grandma Emma’s peach cobbler. She inspired the love of cooking in me as a child. Since then, I’ve been involved in event and private catering from small intimate settings, family dinners, and large parties. Cooking is my passion.
- Lafogata
- Accommodation and Food Services
- -
- $9.75
- Triple Net
- Aug 2018
Our Practice Mission: To perform top quality dental work in a comfortable, friendly setting with the least amount of discomfort to the patient. We use all the latest equipment and materials available. There are several payment options to choose from. We take most insurance plans and we are the preferred provider for several of them. We use CITI Health Card where applicable. We believe there is nothing more rewarding than to see a patient who was ashamed to smile but now goes out in public with the confidence to smile and have people come up to them and compliment their beautiful smile. Our dentist, Dr. Vescovo, has been a lifelong Memphian and is a graduate of the University of Tennessee at Martin and the University of Tennessee Dental School. He has been in private practice since 1984 and is a member of the Memphis Dental Legion.
- Majestic Wine and Liquors
- Retailer
- -
- $12.00
- Triple Net
- -
- Masis Staffin Solutions, LLC
- -
- -
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
- -
Staff Management | SMX’s award-winning Outsourced Workforce Management (OWM) on-site staffing solutions enable clients to meet fluctuating demands with scalable workforces in your facilities across North America. With firsthand knowledge of clients operation, their dedicated on-site teams deliver ROI through increased productivity and efficiency, reduced overtime and turnover, improved workforce performance, and consistent risk mitigation. From increasing the visibility of clients workforce metrics to ramping up from hundreds to thousands of workers within weeks, they leverage their expertise in high-volume on-site solutions to deliver the results that matter to clients.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Asg Staffing | Administrative and Support Services | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
Lafogata | Accommodation and Food Services | - | $9.75 | Triple Net | Aug 2018 | |
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Health Care and Social Assistance | - | - | - | - | |
Majestic Wine and Liquors | Retailer | - | $12.00 | Triple Net | - | |
Masis Staffin Solutions, LLC | - | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
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Professional, Scientific, and Technical Services | - | - | - | - |
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 09-3500-0-0608 | Improvements Assessment | $345,320 |
Land Assessment | $236,440 | Total Assessment | $581,760 |