9525 Macon RdCordova, TN 38016

Property Details for 9525 Macon Rd

Year built

1985

Lot size

6.57 AC

Property size (Sq ft)

37,702 SF

Zone code

IH

Property type

Industrial properties

Property subtype

Other warehouses

APN

D02-15 - - -00417-C

APU

D021500417C

Description

This exceptional investment opportunity presents a 66,175-square-foot industrial flex property located at 9525 Macon Road, Cordova, Tennessee, 38016. The property is currently 100% leased, offering a strong, stable income stream with a compelling 8.18% capitalization rate. Priced at $5,850,000, this translates to a price per square foot of $88.47. The building sits on a sizable lot providing over two acres of outdoor storage space, presenting significant potential for future expansion or value-add opportunities. The property's location in Shelby County boasts a near-zero vacancy rate, indicating high demand and strong market fundamentals. Ample parking is available for tenants and visitors. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This multi-tenant industrial flex building represents a rare chance to acquire a high-performing asset in a thriving market. The property's size, location, and current occupancy make it an attractive investment for both seasoned and emerging investors seeking a stable, high-yield return.

• Alternative Use

  Use

  Valuation

  Residential

  $6,217,849

  Hospitality

  $5,695,516

  Educational

  $4,738,602

  Medical

  $4,901,570

  Retail

  $7,371,160

Location Insight

City

Cordova

County

Shelby

State

Tennessee

Latitude

35.1627

Longitude

-89.7447

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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