For Sale
$755,000
6189 Shelby DrMemphis, TN 38141
High-Yield Daycare, 6,089 SF, 2.7 Acres
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $755,000 asking price for this Memphis, TN retail property.
- 6,089 SF building on 2.7 acres, 100% occupied by Ivy League Learning Center.
- Long-term tenant (10+ years) with lease expiring 10/28/2026, including a 1/5 year renewal option with 3% annual rent escalations.
- Current NOI of $60,471.30, increasing to $62,285 on 11/1/2024.
- 8% cap rate.
- Tenant holds a one-time purchase option at lease end for $878,000.
Property Details for 6189 Shelby Dr
- Property type
- Day care centers & nurseries, Retail properties
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0194973
- Longitude
- -89.8573368
6189 Shelby Dr, Memphis, Tennessee
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