For Sale
$225,000

1578 Getwell RdMemphis, TN 38111

High-Yield Retail Space, Excellent Tenant

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2,000 square foot storefront located at 1578 Getwell Rd, Memphis, TN 38111. The property, part of a two-building condominium complex, is currently leased to a long-term, stable tenant, Metro PCS, ensuring a consistent income stream. The asking price is $225,000, translating to a price per square foot of $112.50. The property boasts a strong net operating income (NOI) of $17,733, yielding an attractive 7.88% capitalization rate. The single-story building is zoned for commercial use and offers a total of 2,000 square feet of net rentable space. This is a single-unit property within a two-building complex, making it an ideal investment for those seeking a low-maintenance, high-return retail asset in a thriving Memphis location. The property's strong tenant and favorable financial metrics make it a compelling opportunity for investors seeking stable income and potential appreciation. The location in Shelby County provides easy access to major transportation routes and a dense customer base. This is a turnkey investment ready for immediate income generation. Serious inquiries only.

Highlights

  • $225,000 asking price for a Memphis, TN storefront.
  • 2,000 square feet of retail space.
  • $112.50 per square foot.
  • 7.88% cap rate with a $17,733 NOI.
  • Located at 1578 Getwell Rd, Memphis, TN 38111.
  • Leased to Metro PCS.

Property Details for 1578 Getwell Rd

Property type
Retail properties, Retail space
Square Feet
2,000 SF
Buildings
2
Stories
1
Units
1

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.088882731617
Longitude
-89.931207105701
1578 Getwell Rd, Memphis, Tennessee

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1578 Getwell Rd
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