About This Restaurant
Investment Highlights
Investment opportunity
Executive Summary
This 3,340-square-foot property is available for sale?tenants right til 2026. Fully renovated in 2021 and currently occupied at $4,000 month from May 2024-April 2025 then $4,250 month from May 2025-April 2026.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 3,340
- Building Class C
- Year Built 1947
- Price 649,000
- Price Per SF 194
- Cap Rate 7.60
- NOI 49,324
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.37
- Land Acres 0.21 AC
Amenities
- Bus Line
- Restaurant
- Signage
Nearby Amenities & Transportation
| Retail | Cook Out | ||
| Retail | Starbucks | ||
| Retail | Sekisui Midtown | ||
| Retail | First Horizon Bank | ||
| Retail | Regions Bank | ||
| Retail | Planet Fitness | ||
| Retail | Wingstop | ||
| Retail | Kroger | ||
| Retail | Independent Bank | ||
| Retail | 7 Brew Coffee |
Property Taxes
| Parcel Number | 01-7031-0-0042 | Improvements Assessment | $31,200 |
| Land Assessment | $56,320 | Total Assessment | $87,520 |
| Date Created: | 2024-07-16 04:23:38 | Last Updated: | 2024-07-16 04:23:38 |
| Address: | 1532 Madison Ave , Memphis, Tennessee, 38104 | ||