87,620 square foot neighborhood shopping center in Memphis, Tennessee.
Value Add – Asking cap rate is based on in-place income. The shopping center is 82.35% occupied. 15,468 square feet available for income upside (7100 SF, 5868 SF, and 2500 SF)
Sales Price Per Square Foot - $59.80 PSF
3-Mile Radius – Population is 100,828 and average household income of $70,291
Proven Tenants - The largest tenant, Billy Hardwick’s All-Star Lanes, has operated in the center since 1989, while Dollar General opened in 2002 and Ace Hardware opened in 2010.
