1266 Sycamore View - Freestanding FOR SALE


Memphis, TN 38134
$1,350,000 USD
208-620-8283
1266 Sycamore View, Memphis, TN for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/7
null | 7.73% Cap Rate

1266 Sycamore View
Memphis, TN 38134


HIGHLIGHTS

  • High visibility
  • Solid tenants with long-term placement goals
  • Brand new roof, very few landlord expenses

OVERVIEW

9 bay retail property fully leased to 3 tenants. Tenant 1 is a day care center with county contracts that rents 5 bays. Tenant 2 is a charity organization that rents 1 bay. Tenant 3 is a salon that rents 3 bays. Property has a brand new, six-figure TPO roof with a multi-year product warranty, completed fall 2022. The tenants are responsive, well-performing, and are looking to be in the building long term. Upside on rents and making the property NNN via tenants reimbursing ownership for taxes and insurance. Contact agent for full Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

CP

APN/PARCEL ID

08-9014-0-0193

ASK ABOUT THIS PROPERTY

Jessica SewellPrime Real Estate GroupMore Info
208-620-8283

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Jessica SewellPrime Real Estate GroupMore Info
208-620-8283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.