1204 Poplar Ave Collierville, TN 38017
Triple-net leased shopping center, high NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 10,815 SF shopping center in Collierville, TN on Poplar Ave.
- 6.50% cap rate and $232,444 NOI.
- 100% occupied by Plato's Closet, Once Upon A Child, and Methodist Healthcare with NNN leases.
- Seven-year remaining lease term (expiring November 30, 2031) with renewal options.
- New roof (2021) with a 20-year warranty; extensive renovations in 2015.
- Asking price: $3,575,000 ($330.56/SF).
Property Details for 1204 Poplar Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 10,815 SF
- Class
- B
- Units
- 3
Location Insight
- City
- Collierville
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.046373246674
- Longitude
- -89.702822562555
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Triple-net leased shopping center, high NOI.
- Where is the lifestyle center located?
- The property is located at 1204 Poplar Ave Collierville, TN.
- What is the asking price?
- The asking price for this property is $3,575,000.
- What are key features of this property?
- This property features: 10,815 SF shopping center in Collierville, TN on Poplar Ave.; 6.50% cap rate and $232,444 NOI.; 100% occupied by Plato's Closet, Once Upon A Child, and Methodist Healthcare with NNN leases.
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