4202 Hacks Cross RdMemphis, TN 38125

Property Details for 4202 Hacks Cross Rd

Year built

2008

Lot size

4.88 AC

Property size (Sq ft)

31,941 SF

Zone code

CA

Property type

Strip malls

Property subtype

Neighborhood centers

APN

D02-42 - - -00461

APU

D024200461

Description

Hacks Cross Plaza, a 31,861 square foot shopping center in Memphis, Tennessee, presents a compelling investment opportunity. This fee-simple property boasts 100% occupancy with a diverse roster of 10 tenants, including nationally recognized brands like Family Dollar, QuickCash Taxes, Kumon, and Staffmark. Built in 2008, the single-story building sits on a 4.88-acre lot and offers a Net Operating Income (NOI) of $462,446, resulting in a 7.17% capitalization rate. The asking price is $6,450,378, translating to $202.45 per square foot. The property benefits from a strong local demographic, with over 154,000 people residing within a five-mile radius, showcasing an 18.82% population growth from 2010 to 2021. Its strategic location on Hacks Cross Road, experiencing 38,768 vehicles daily, and proximity to Bill Morris Parkway (51,902 vehicles daily) ensures high visibility and accessibility. The presence of numerous national brands nearby, including Popeyes, Krispy Kreme, Nissan, Honda, and Cracker Barrel, further enhances the property's appeal and potential for increased foot traffic. This net-lease investment offers a credit-rated tenant base, providing stability and security for investors. The property's size and tenant mix provide a diversified income stream.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0338

Longitude

-89.7947

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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