7771 Winchester Road
Memphis, TN
Price:
$12,250,000
Cap Rate:
7.66%
NOI:
$938,138
Building Size:
Approx. 126,849 Sq. Ft.
Lot Size:
Approx. 10.6 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Retailer
Year Built:
2006
Investment Overview
- 2006 Construction. 126,849 +/- SF Building on 10.6+/- Acre Site
- Priced Well Below Replacement Costs – At an Ask-Price of Only $96.57 Per Foot, the Property is Priced Well Below Replacement Cost
- Below Market Rents – The Average Base Rent in the Center is $8.19 psf, While Similar Boxes are $12.00 psf
- Highly Trafficked, Dominant Retail Corridor – With Traffic Counts of Over 40,000 VPD
- The Property Benefits from its Location Across the Street from the Much-Anticipated Top Golf/Mixed-Use Residential Development
- Strong Demographics with High Spend Power – Within a 5-Mile Radius, Centennial Place Boasts an Average HH Income of $90,307
- Memphis | Home to 3 Fortune 500 Companies | Population: 650,910+
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