PetVax Complete Care Center 6963 US-70 5,260 SF Retail Building Memphis, TN 38133 $1,710,000 ($325.10/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Guaranteed by 450+ Unit Operator | Strong Unit-Level Sales Performance
- 2% Annual Rent Increases | Recent Roof Replacement
- US Highway 70 Frontage | 7.3M Annualized Traffic
- Across From New $162 Million Mixed-Use Development | 337-Unit Apartment Community
- Income Tax-Free State
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,260 SF
Building Class
B
Year Built
2003
Price
$1,710,000
Price Per SF
$325.10
Cap Rate
7.25%
NOI
$123,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.00 AC
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | B0-157-0-0194 | Improvements Assessment | $204,320 |
| Land Assessment | $62,720 | Total Assessment | $267,040 |
