Listed by Sands Investment Group Philadelphia, Sands Investment Group Los Angeles, Sands Investment Group - FTL, Sands Investment Group
$1,600,000
Mendenhall Park Place - Memphis, TN
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 23,620
Occupancy 77.37%
Tenancy Multi
Brand/Tenant Genesis Remodeling, Stephen Taylor
Price per SqFt $68
Year Built 1984
Year Renovated 1986
Acreage 2.230
Value-Add Multi-Tenant Asset | Short-Term WALT | Memphis, TN
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 23,620 SF Mendenhall Park Place, located at 5261-5299 Mendenhall Park Place in Memphis, TN. This offering consists of 2 adjacent buildings, allowing for streamlined management and operational efficiencies. Featuring a short-term WALT, the asset provides investors with near-term flexibility and a clear path to execute value-add strategies, making it an attractive opportunity for both income and future upside potential.
Investment highlights
- Two-Property Portfolio: This opportunity consists of two adjacent buildings, increasing management efficiencies.
- Short-Term WALT Value-Add Opportunity: Short-term WALT gives a potential buyer flexibility and the ability to add value moving forward in the near term.
- Recent Capital Improvements: Newer roofs, gutters, and updated HVAC. Multi-Tenant Suites Diversified Risk & Leasing Advantage: Smaller suites allow for diversified tenant risk and easier leasing compared to large single-tenant buildings.
- Flexible Single-Story Layout: Single-story buildings with flexible layout and 12-foot ceiling heights for service, office, flex, or light industrial users, ideal for local service tenants and small businesses.
- Strategic Location Strong Connectivity & Access: Located near the I-240 Loop with easy access to Memphis International Airport, the Southeast Memphis industrial corridor, and the Southaven, MS commuter base.
- Growing Metro Momentum: Located within a metro area projected to see continued population and job growth through 2026.
- Heart of The Memphis Experience: Benefit from a strategic location that places the city’s most famous landmarks within easy reach, including the world-renowned Graceland, the historic Sun Studio, and the Beale Street Entertainment District.
- Nearby Retailers Include: Home Depot, Chick-fil-A, Sonic, Topgolf, Costco, and Sam’s Club are all located nearby.
Listing Contacts
Listed by Sands Investment Group Philadelphia, Sands Investment Group Los Angeles, Sands Investment Group - FTL, Sands Investment Group
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