940 Collierville Arlington Rd
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940 Collierville Arlington Rd
11,874 SF 100% Leased Retail Building Collierville, TN 38017 $1,295,000 ($109/SF) 7.57% Cap Rate
Investment Highlights
- High Traffic location situated in the heart of Collierville, TN.
Executive Summary
Multi-Tenant Commercial Building. 4 Long-Term tenants with excellent payment history. High Traffic location situated in the heart of Collierville, TN.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$131,566
|
$11.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,566
|
$11.08
|
| Taxes |
$25,935
|
$2.18
|
| Operating Expenses |
$7,549
|
$0.64
|
| Total Expenses |
$33,484
|
$2.82
|
| Net Operating Income |
$98,082
|
$8.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $131,566 |
| Annual Per SF | $11.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $131,566 |
| Annual Per SF | $11.08 |
| Taxes | |
|---|---|
| Annual | $25,935 |
| Annual Per SF | $2.18 |
| Operating Expenses | |
|---|---|
| Annual | $7,549 |
| Annual Per SF | $0.64 |
| Total Expenses | |
|---|---|
| Annual | $33,484 |
| Annual Per SF | $2.82 |
| Net Operating Income | |
|---|---|
| Annual | $98,082 |
| Annual Per SF | $8.26 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,874 SF
Building Class
C
Year Built
1996
Price
$1,295,000
Price Per SF
$109
Cap Rate
7.57%
NOI
$98,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.77 AC
Zoning
SCC - Shopping Center Commercial
Parking
48 Spaces (4.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | C0-234-0-0062 | Total Assessment | $495,920 (2024) |
| Land Assessment | $92,640 (2024) | Annual Taxes | $25,935 ($2.18/SF) |
| Improvements Assessment | $403,280 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
C0-234-0-0062
Land Assessment
$92,640 (2024)
Improvements Assessment
$403,280 (2024)
Total Assessment
$495,920 (2024)
Annual Taxes
$25,935 ($2.18/SF)
Tax Year
2023
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940 Collierville Arlington Rd
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