Listed by NAI Saig Company Memphis
$1,450,000
633-645 Highway 1 S
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 31,503
Cap Rate 6.08%
NOI $88,101
Occupancy 72%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 11.03%
Pro-Forma NOI $159,869
Price per SqFt $46
Investment Type Value Add
Ground Lease No
Retail | 6.08% CAP | 31,503 SqFt
Marketing description
Introducing a retail investment opportunity at 633-645 Highway 1 S. This property spans 31,503 square feet and is anchored by three tenants: Beauty Supply, Nail Pro, and Government Services. Currently 72% occupied with 8,742 SF available for lease at below-market rents. The shopping center is strategically located along a key commercial corridor, ensuring visibility and accessibility. With its diverse tenant mix and prime location, the property is well-positioned to generate consistent customer traffic and deliver strong investment returns.
Investment highlights
- Anchored by three tenants: Beauty Supply, Nail Pro, and Govt Services
- 72% Occupied
- Multiple retailers located nearby including: Pizza Hut, Old Miss, River City Furniture, and Walgreens
- Value-Add Opportunity: 8,742 SF of vacant space (Suites 641 and 645) available at attractive, below-market gross rents
- Sale Price: $1,450,000
- Stabilized NOI: $159,869
- In-Place NOI: $88,101
Listing Contacts
Listed by NAI Saig Company Memphis
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,101.00
$7,341.75/mo
Valuation Metrics
0
DSCR
6.08%
Cap Rate
6.08%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
