6777 Winchester Rd | Memphis, TN 38115
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- LoopNet Team
6777 Winchester Rd
Memphis, TN 38115
Big Lots · Retail Property For Sale
Investment Highlights
- Publicly Traded, National Tenant – 100% Leased to Big Lots (NYSE: BIG) With a Market Cap of $1.35 Billion
- Gross Modified Lease Terms – Landlord Has Minimum Oversight For Roof, Structure and CAM
- Big Lots Has Fixed Rent Increases at the Start of Each Option Period Providing a New Investor a Hedge Against Inflation
- Big Lots Has Three Years Remaining on the Initial Lease Term With Four (4) – Five (5) Year Options to Renew
- Priced at $42 Per Square Foot, the Property Will Trade Significantly Below Replacement Value Estimated at $150 Per Square Foot
- Big Lots Serves as the Anchor Tenant Amongst a Highly Complementary Mix of Retail Tenants Drawing in Consumers For Various Retail Needs
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
40,396 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.29
Lot Size
3.21 AC
Zoning
CA
Parking
111 Spaces
Frontage
484 FT on Winchester Rd
PROPERTY TAXES
| Parcel Number | 09-3500-0-0341 | Improvements Assessment | $328,520 |
| Land Assessment | $271,480 | Total Assessment | $600,000 |
PROPERTY TAXES
Parcel Number
09-3500-0-0341
Land Assessment
$271,480
Improvements Assessment
$328,520
Total Assessment
$600,000
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