Listed by NAI Saig Company, NAI Saig Company Memphis
$2,900,000
2235 and 2239 Kirby Whitten Rd
Details
Property Type Retail, Industrial
Sub Type Storefront, Flex
Square Footage 24,250
Cap Rate 7.74%
NOI $224,590
Occupancy 100%
Tenancy Multi
Class B
Buildings 2
Investment Type Stabilized
Ground Lease No
Retail | 7.74% CAP | 24,250 SqFt
Marketing description
This is a two building investment sale opportunity located at 2235 Kirby Whitten Road in Memphis, Tennessee. The property features prime retail frontage on Whitten Road with approximately 30,000 vehicles per day and easy access to I-40. The property consists of 2235 Whitten Road (retail) and 2239 Whitten Road (flex space), totaling approximately 24,250 square feet and is 100% leased.
Investment highlights
- Two Building Investment Sale
- 100% Leased
- Prime Retail Frontage on Whitten Road
- Approximately 30,000 VPD (TDOT 2024)
- Easy Access to I-40 via Whitten Road
- 2235 Whitten Road - Retail
- 2239 Whitten Road - Flex
- NOI: $224,589.80
- Cap Rate: 7.74%
- Asking price: $2,900,000
Listing Contacts
Listed by NAI Saig Company, NAI Saig Company Memphis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$224,589.80
$18,715.82/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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