4251 Pidgeon Roost RdMemphis, TN 38118

Property Details for 4251 Pidgeon Roost Rd

Year built

2003

Lot size

0.31 AC

Property size (Sq ft)

5,200 SF

Zone code

EMP

Property type

Industrial properties

Property subtype

Other warehouses

APN

073-038- - -00011

APU

7303800011

Description

This exceptional investment opportunity presents a freestanding industrial warehouse located at 4251 Pidgeon Roost Rd, Memphis, TN 38118. The property boasts 3,999 square feet situated on a 0.62-acre lot. Currently 100% occupied under a triple-net (NNN) lease, the property offers a strong 8.00% capitalization rate with a Net Operating Income (NOI) of $21,414. The asking price is $267,675. The lease expires on March 31, 2027, and includes no renewal options. The tenant has a 10-year history at this location and is currently paying below-market rent, presenting a significant upside potential for the future. This is a rare chance to acquire a well-located, income-producing industrial asset in a thriving Memphis market. The property's size and location make it ideal for a variety of uses. The current lease structure minimizes landlord responsibilities, making this an attractive, low-maintenance investment. Don't miss this opportunity to add a high-performing asset to your portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $857,589

  Hospitality

  $785,547

  Educational

  $653,566

  Medical

  $676,043

  Retail

  $1,016,658

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0466

Longitude

-89.922

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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