Listed by Crye-Leike Commercial Memphis
$7,925,171
Orleans Place
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 31,040
Net Rentable (SqFt) 31,040
Cap Rate 6.75%
Occupancy 90%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.84%
Pro-Forma NOI $541,699
Price per SqFt $255
Class A
Year Built 1979
Year Renovated 2004
Buildings 2
Stories 2
Acreage 2.210
Zoning CMU-2
Investment Type Stabilized
Retail | 6.75% CAP | 31,040 SqFt
Marketing description
This your chance to own a NNN trophy shopping center at the edge of Germantown and East Memphis. Great long term mix of national and local businesses, all on NNN leases.
Investment highlights
Very stable shopping center surrounded by high income neighborhoods.
Listing Contacts
Listed by Crye-Leike Commercial Memphis
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