For Sale
$725,000

3802 Mendenhall RdMemphis, TN 38115

15,900 SF Retail Center, 17% Occupied, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional value-add investment opportunity presents a 15,900 square foot retail storefront located at 3802 S Mendenhall Rd, Memphis, TN 38115. Currently operating at 17% occupancy, this multi-tenant property offers significant upside potential for a savvy investor. The property features excellent visibility and a large parking area, situated in a high-traffic area near the intersection of Winchester Rd, within Memphis's thriving industrial market. The existing lease structure is NNN (Triple Net), although some leases may require conversion to a traditional NNN structure to maximize returns. The property's current NOI, if fully leased, is projected at $126,000. This presents a unique chance to increase profitability by securing new tenants at market rates. The property is ideal for owner-users seeking to expand their business or investors looking to capitalize on a strong Memphis location and significant value-add potential. The asking price for this Shelby County retail center is $725,000.

Highlights

  • Exceptional value-add opportunity with significant profit potential.
  • Fully leased, generating a projected Net Operating Income (NOI) of $126,000.

Property Details for 3802 Mendenhall Rd

Property type
Retail properties, Retail space
Square Feet
15,900 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.044863
Longitude
-89.885426
3802 Mendenhall Rd, Memphis, Tennessee

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3802 Mendenhall Rd
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