This retail investment opportunity is located along Union Avenue, a high-traffic corridor in the heart of Memphis. The property consists of four bays totaling 9,512 SF and benefits from a prominent street frontage of 100 feet with over 62,000 vehicles per day passing by. Current tenancy includes long-standing occupant Best Rubber Stamps, in business for over 60 years, along with Smokeology and Fluid Tattoo. Present occupancy stands at 75%, with one unit available for lease, offering investors immediate upside through increased occupancy and rental adjustments.
Rents are currently averaging 43% below market, creating strong potential for income growth. A stabilized rent roll would significantly increase NOI beyond the current $71,136.62, providing attractive returns at the offering price of $948,480 and a 7.5% cap rate. The property’s location within a vibrant commercial corridor, surrounded by national and regional tenants, ensures high visibility and strong consumer traffic.