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29243822
29243829

7065 Winchester Rd, Memphis, TN 38125

HK
TN TN 379569
EXP Realty LLC
Listed by EXP Realty LLC
$2,300,000
140 days on market
Updated 62 days ago

7065 Winchester

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 6,018
Net Rentable (SqFt) 6,018
Cap Rate 6.73%
NOI $154,800
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $382
Broker Co-Op Yes
Year Built 1998
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.830
Zoning Commercial
Investment Type Net Lease
Lease Commencement 05/01/2026
Occupancy Date 05/01/2026
Ownership Fee Simple
Sale Condition For sale by owner

Retail | 6.73% CAP | 6,018 SqFt

Marketing description

Fully Equipped & Furnished Restaurant. Heavy Duty MEP set up: 4x10 ton Roof HVAC, 1000 Amp (4 x250 Amp panel) Electrical, Dual Water heater (1 gas large tank + 1 back up tankless) Large capacity Grease Trap Tank. Full low temp Dishwasher system. Automatic Hood Cleaning system. Automatic cooking oil supply/retrieving systems. Double soda machine line, Full Fire Alarm Panel ready. 16 Channel Security Cam System ready. etc.. It is heavy loaded and duplicated (redundant system designs). Approved for hard liquor/bear consumption. Building is in very good condition. Roof inspected and fully refurbished recently. Private meeting/party room. 500+ sq ft Outside Patio. It is 6018 sq ft. Expandable to additional 3000 sq ft. (at front end). Option to add Drive-Thru (pick-up) Window at east side of building (east side entrance is our private road). Area is currently booming with new constructions and business openings. In 3-4 months, our commerce area will have more and very high foot traffic specially in weekend. I believe, our building is only available stand-alone restaurant building from Riverdale to Hack Cross, on Winchester Rd., currently.

Surrounded with key national restaurants (Starbucks, Chick-Fil-A, McDonald, Waffle House, Ihop etc..). Very visible on major traffic road.

Listing Contacts

HK
TN TN 379569
EXP Realty LLC
Listed by EXP Realty LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,800.00
$12,900.00/mo

Valuation Metrics

0
DSCR
6.73%
Cap Rate
6.73%
ROI

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Additional Information

Name
Han Kim
License
TN 379569
Brokerage
EXP Commercial
Brokerage Phone
855-698-0395
Title
Advisor
Brokerage Address
3401 Mallory Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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