Listed by NAI Saig Company, NAI Saig Company Memphis
$3,699,737
7945 Winchester Road
Details
APN 081-084-00018
Property Type Retail
Sub Type Storefront
Square Footage 5,510
Cap Rate 6.1%
NOI $225,684
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, JPMorgan Chase Bank
Lease Type NNN
Rent Bumps Yes
Price per SqFt $680
Class A
Year Built 2002
Buildings 1
Stories 1
Acreage 0.930
Zoning PD - Planned Development
Parking Spaces 48 spaces
Parking per 1,000 SqFt 8.71
Investment Type Stabilized
Tenant Credit Credit Rated
Ownership Fee Simple
Retail | 6.10% CAP | 5,510 SqFt
Marketing description
Available for sale is a fully occupied, 5,510-square-foot investment property situated on a generous 0.93-acre lot. Built in 2002, this well-maintained asset is currently 100% leased to two tenants, offering stable in-place income. With a purchase price of $3,699,737 and an attractive in-place cap rate of 6.1%, this property presents a strong opportunity for investors seeking immediate cash flow. The combination of modern construction, full occupancy, and dual tenancy makes this a reliable and low-maintenance addition to any commercial real estate portfolio.
Located on Winchester Road.
Investment highlights
- Investment Grade Tenants: The tenant, Starbucks, has occupied the property or over 21 years and recently extended their lease, demonstrating their commitment to the site. The tenant, JPMorgan Chase Bank, recently signed a brand new 15-year lease with 3 (5-year) option periods to extend. Both leases feature scheduled rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation.
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities: Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. Minimal landlord responsibilities. Ideal investment for a passive investor.
- Dense Retail Corridor | Direct Consumer Population: The subject property is located directly across from a Kroger Grocery anchored center with multiple QSR tenants and a Circle K. The asset is adjacent to a Holiday Inn Suites and the Centennial Place Shopping Center featuring a Burlington, At Home Furnishing Store, Take 5 Oil Change, and Whataburger. Newly Constructed Topgolf venue 1,25-miles from the subject property. Less than 1-mile from the Centennial Gardens luxury apartments.
- Major Retail Thoroughfare Featuring National/Credit Brands: The asset is strategically located at the center of a retail corridor along Winchester Road. The thoroughfare features shopping centers anchored by major tenants including Walmart Supercenter, Home Depot, Sam's Club, Dick's Sporting Goods, JCPenney, Marshalls, ALDI, and Ross. Directly behind the site are Costco, PetSmart, and Lowe's, further reinforcing the area's strong retail presence. Notable QSR tenants nearby include Chick-fil-A, Dunkin, Buffalo Wild Wings, Taco Bell, KFC, Wendy's, Sonic, Panda Express, and Olive Garden.
Listing Contacts
Listed by NAI Saig Company, NAI Saig Company Memphis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,684.00
$18,807.00/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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