6150 Macon RdMemphis, TN 38134

Property Details for 6150 Macon Rd

Year built

1986

Lot size

9.59 AC

Property size (Sq ft)

91,449 SF

Zone code

CMU-3

Property type

Retail properties

Property subtype

Strip malls

APN

089-003- - -00051

APU

8900300051

Description

This exceptional investment opportunity presents a 89,630 square foot multi-tenant retail shopping center and a 2,585 square foot outparcel quick-service restaurant (QSR) in Memphis, Tennessee. Located on a 10.22-acre site with 402 parking spaces, the property boasts high visibility along the I-40 corridor, experiencing an average daily traffic count of 138,370 vehicles. The shopping center is 89% occupied by 16 tenants, offering a diverse mix of national, regional, and local businesses, many with long-term leases. The included QSR is leased to a long-term tenant with a significant market presence. The property offers a compelling value-add opportunity through leasing up two vacant spaces totaling 9,900 square feet, negotiating rent increases with existing tenants, and potentially selling the outparcel separately. Built in 1986, the property features two single-story buildings and benefits from its proximity to Bass Pro Shops. The asking price is $5,980,000, with a current Net Operating Income (NOI) of $604,684 and a 10.11% cap rate. The property is offered free and clear of debt at closing and is ideally suited for a 1031 exchange. The property is located at 6150 and 6130 Macon Rd, Memphis, TN 38134. Approximately 78% of tenants are on a triple net (NNN) lease structure.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1642

Longitude

-89.8574

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].