547 W Poplar Ave | Collierville, TN 38017
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547 W Poplar Ave
Collierville, TN 38017
Retail Property For Sale
Executive Summary
This is a rare opportunity to acquire a 100% occupied, retail property, modified gross leases. Located in one of the most vibrant, high traffic retail submarkets of Shelby County, Tennessee. Premier location with exceptional visibility and access, making 547 Poplar Ave. a tremendous investment opportunity.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,833 SF
Building Class
C
Year Built
1964
Price
$2,190,546
Price Per SF
$280
Cap Rate
8.50%
NOI
$186,196
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.73 AC
Zoning
GC
Parking
50 Spaces (6.38 Spaces per 1,000 SF Leased)
Frontage
142 FT on Poplar Ave
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | C0-244-0-0888 | Improvements Assessment | $87,520 |
| Land Assessment | $176,840 | Total Assessment | $264,360 |
PROPERTY TAXES
Parcel Number
C0-244-0-0888
Land Assessment
$176,840
Improvements Assessment
$87,520
Total Assessment
$264,360
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