1616 Winchester Rd Memphis, TN 38116
Prime Memphis location, high-cap rate investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Exceptional mixed-use property at 1616 Winchester Rd, Memphis, TN 38116.
- 2,524 sq ft building on a gated lot with a detached three-car garage and 65 parking spaces.
- 100% occupancy with a credit-rated corporate tenant on a NNN lease; current NOI $24,000 (8.28% cap rate), pro-forma NOI $30,288 (10.45% cap rate).
- Renovated in 2015, featuring two offices and two bathrooms; zoned for retail, restaurant, and office uses.
- Asking price: $289,901 ($114.86/sq ft); currently under-rented at $9.51/sq ft, market rate $12-15/sq ft.
Property Details for 1616 Winchester Rd
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,524 SF
- Year Renovated
- 2015
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.053817427404
- Longitude
- -90.010063652439
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Memphis location, high-cap rate investment.
- Where is the retail property located?
- The property is located at 1616 Winchester Rd Memphis, TN.
- What is the asking price?
- The asking price for this property is $289,901.
- What are key features of this property?
- This property features: Exceptional mixed-use property at 1616 Winchester Rd, Memphis, TN 38116.; 2,524 sq ft building on a gated lot with a detached three-car garage and 65 parking spaces.; 100% occupancy with a credit-rated corporate tenant on a NNN lease; current NOI $24,000 (8.28% cap rate), pro-forma NOI $30,288 (10.45% cap rate).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].