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4202 Hacks Cross Rd
Memphis, TN 38125

Hacks Cross Plaza · Retail Property For Sale

Investment Highlights

  • 100% occupancy with a stable tenant roster of 10
  • Plaza witnesses a robust daily vehicular traffic count of 38,768

Executive Summary

Investment Highlights for Hacks Cross Plaza: Hacks Cross Plaza enjoys 100% occupancy with a stable tenant roster of 10. Located in Memphis, Tennessee—the second-largest city in the state with a surrounding metro population exceeding 1.16 million. The property is home to nationally recognized brands such as Family Dollar, QuickCash Taxes, Kumon, and Staffmark. The immediate 5-mile radius boasts a population of over 154K, marking a significant growth of 18.82% from 2010 to 2021. Covering 4.88 acres, Hacks Cross Plaza offers a sizable 31,861 sq. ft. of retail area, allowing for diverse retail opportunities. The plaza benefits from the neighboring presence of big names like Popeyes, Krispy Kreme, Nissan, Honda, Cracker Barrel, and more, which can potentially drive more foot traffic to the plaza. Strategically located on Hacks Cross Rd, the plaza witnesses a robust daily vehicular traffic count of 38,768. Furthermore, its close proximity to Bill Morris Pkwy ensures additional exposure with a daily traffic count of 51,902 vehicles. In conclusion, Hacks Cross Plaza presents a compelling investment opportunity given its full occupancy, top-tier tenants, strategic location, and strong surrounding demographics.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
31,861 SF
Building Class
C
Year Built
2008
Price
$6,450,387
Price Per SF
$202
Cap Rate
7.17%
NOI
$462,446
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
4.88 AC
Zoning
AG(FP)
Parking
85 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
345 FT on Hacks Cross Rd

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D0-242-0-0461
Land Assessment
$998,080
Improvements Assessment
$962,400
Total Assessment
$1,960,480
  • Listing ID: 29839904

  • Date on Market: 10/20/2023

  • Last Updated:

  • Address: 4202 Hacks Cross Rd, Memphis, TN 38125

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