Bartlett Commercial Center II 6349 Summer Ave 6,493 SF 100% Leased Retail Building Memphis, TN 38134 $790,000 ($121.67/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Value Add Opportunity
EXECUTIVE SUMMARY
Prime Investment Opportunity: Value-Add 4-Bay Retail Strip with Dock Doors. With a mix of established tenants, this property offers steady rental income while still presenting significant opportunities for value-add improvements and future appreciation. Its prime location ensures high visibility and accessibility, making it an ideal choice for retail, distribution, or light industrial uses.
Take advantage of this rare opportunity to own a property with both income stability and future upside. Don’t miss out on the potential to enhance and maximize the return on this retail strip!
Take advantage of this rare opportunity to own a property with both income stability and future upside. Don’t miss out on the potential to enhance and maximize the return on this retail strip!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,493 SF
Building Class
B
Year Built
2003
Price
$790,000
Price Per SF
$121.67
Cap Rate
9.30%
NOI
$73,470
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.55 AC
Zoning
CH
Parking
15 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-9025-C0-0001 | Total Assessment | $126,840 |
| Land Assessment | $46,680 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $80,160 | Tax Year | 2024 |
