Listed by Sands Investment Group Philadelphia, Sands Investment Group
$800,000
Freestanding Retail - Southeast Memphis, TN
Details
Property Type Retail
Sub Type Storefront, Freestanding
Square Footage 6,828
Cap Rate 7.94%
NOI $63,540
Occupancy 100%
Tenancy Single
Brand/Tenant Beauty Trendz
Lease Type Gross
Lease Term 7.3
Lease Expiration 04/30/2029
Remaining Term 2.8
Price per SqFt $117
Year Built 1997
Acreage 0.870
Zoning CA (Commercial-Agricultural)
Investment Type Stabilized
Lease Commencement 01/01/2022
Rent Commencement 12/31/2021
Fully leased retail building ensures a steady income stream for potential investors Spacious 0.89-ac
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,828 SF Freestanding Retail Property located at 6645 E Shelby Drive in Memphis, TN. The asset consists of a 6,828 SF retail building situated on a 0.89-acre (53,542 SF) parcel and is currently occupied by Beauty Trendz, providing steady in-place tenancy. Positioned along a high-traffic retail corridor, the property benefits from strong visibility and accessibility, making it well-suited for long-term retail use and stable income potential, providing for a great investment opportunity.
Investment highlights
- Positioned along one of Memphis’ well-traveled commercial corridors, 6645 E Shelby Drive, Memphis, TN 38141, presents a stabilized retail investment opportunity in the established Hickory Hill submarket.
- The property consists of a 6,828 SF retail building situated on a 0.89- acre (53,542 SF) site. Currently occupied by Beauty Trendz, the asset provides steady in-place tenancy within a high-traffic retail environment.
- Built in 1998 and zoned CA (Commercial-Agricultural), the property combines durable construction with flexible commercial zoning, supporting long-term occupancy and potential future redevelopment options.
- Located in the established Hickory Hill neighborhood in southeast Memphis, an area with a strong mix of residential, retail, and light industrial uses that supports steady traffic and a solid consumer base.
- Positioned along E Shelby Drive, a key arterial roadway that provides excellent connectivity to surrounding neighborhoods and major routes across Memphis.
- Supported by nearby schools, parks, shopping centers, and daily needs retail, the area is highly convenient and accessible for both residents and businesses.
Listing Contacts
Listed by Sands Investment Group Philadelphia, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,540.00
$5,295.00/mo
Valuation Metrics
0
DSCR
7.94%
Cap Rate
7.94%
ROI
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Zoning
CA AgricultureConservation Agriculture
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