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30028101
31274816

2847 Poplar Ave, Memphis, TN 38111 For Sale

BG
TN 00290621
Gill Properties Memphis
Listed by Gill Properties Memphis
$5,000,000
250 days on market
Updated 26 days ago

POPLAR CORNER | 100% LEASED

Details
Property Type Office, Retail
Sub Type Executive Office, Storefront
Cap Rate 5.38%
NOI $268,880
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class A
Year Built 2022
Acreage 0.760
Zoning CMU-1 General
Parking Spaces 28 spaces

Office | 5.38% CAP

Marketing description

100% LEASED | INVESTMENT OPPORTUNITY

Poplar Corner presents a rare opportunity to acquire a Class A, multi-tenant investment strategically positioned at one of Memphis’ most iconic intersections—Poplar, Union, and Walnut Grove. Built in 2022, this premier ±7,420 RSF retail/office asset offers exceptional visibility, modern construction, and strong tenancy, making it an ideal long-term hold in a supply-constrained corridor.

Long-term national tenants anchor the building, delivering stability and predictable income.

Poplar Corner is not just another retail center—it's a trophy-grade, Class A asset sitting at one of the most irreplaceable intersections in Memphis. New construction, national credit tenants, massive traffic counts, and steep barriers to entry make this one of the highest quality small-format investment deals available in the market today.

This is the kind of property investors hold for decades.

Investment highlights

  • 100% LEASED

  • Location: signalized inter section of poplar, union, and walnut grove.

  • Building size: 8,015 sf | 7,420 rsf | .76 ac

  • Building class: A

  • Built: 2022

  • Parking: 28 (3.49/1,000)

  • Zoned: cmu-1 general

  • Frontage: 130’ poplar ave & 81’ north Humes St.

Listing Contacts

BG
TN 00290621
Gill Properties Memphis
Listed by Gill Properties Memphis

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$268,880.00
$22,406.67/mo

Valuation Metrics

0
DSCR
5.38%
Cap Rate
5.38%
ROI

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