Listed by Salmon RE
$1,695,000
Village of Hickory Ridge
Details
Property Type Retail, Mixed Use
Sub Type Shopping Center
Square Footage 17,194
Units 17
Cap Rate 5.60%
NOI $80,438
Occupancy 65%
Tenancy Multi
Lease Type NN+
Price per SqFt $99
Tremendous Value Add Opportunity
Marketing description
3540 Hickory Hill Rd, Memphis, TN 38115, nestled in the heart of the vibrant Hickory Hill community. This freestanding retail property offers approximately 10,185/sq/ft of flexible space—perfect for businesses seeking high visibility and convenience.
The address 3540 Hickory Hill Rd is located in Memphis, Tennessee, specifically in the 38115 ZIP code area. This area can be characterized as a suburban zone that features a mix of residential housing, commercial establishments, and local amenities.
Residentially, the Hickory Hill neighborhood is primarily composed of single-family homes, apartments, and townhouses, with a range of styles and ages, from established properties to more modern structures. This community is diverse and has traditionally attracted a mixture of families, professionals, and retirees.
Commercially, the vicinity includes a variety of retail shops, grocery stores, restaurants, and service-oriented businesses catering to the daily needs of residents. The area may also have several strip malls and shopping centers that are easily accessible to the residents of Hickory Hill Rd.
The Hickory Hill area is served by public transportation, with bus lines that connect it to broader Memphis. The road network is generally well-developed, providing residents with access to major highways and thoroughfares for commuting to different parts of the city.
Education options in the region encompass a range of public and private schools, potentially offering choices for resident families. Parks and recreational facilities may be found in the vicinity, offering green space and community activities.
Overall, the region around 3540 Hickory Hill Rd is a mixed-use area combining residential comfort with convenient access to commercial facilities and city amenities. The neighborhood is an established part of Memphis with a sense of community and a variety of housing and lifestyle options.
Investment highlights
- Price: $1,695,000
- Units: 17
- Units (Retail): 17
- Price per unit: $99,706
- Price per SF: $98.58
- Building size (RSF): 17,194 SF
- RSF (Retail): 17,194 SF
- CAP 5.6%
- GRM 12.79
- Hold term 5 years
- Exit cap rate 5.34%
Listing Contacts
Listed by Salmon RE
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,438.00
$6,703.17/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
