1810 Union Ave - Freestanding FOR SALE


Memphis, TN 38104- Midtown Memphis
$3,231,070 USD
626-633-6397
1810 Union Ave, Memphis, TN for Sale
$3,231,070 USD
Freestanding - FOR SALE
1/6
null | 6.45% Cap Rate

1810 Union Ave
Memphis, TN 38104
Midtown Memphis


HIGHLIGHTS

  • Memphis Goodwill Incorporated | 42+ Locations Across Memphis, TN and Mississippi
  • Strong Placer.ai - Well Located with Ample Parking and High Cars Per Day
  • Surrounding Tenants Include Kroger, The Home Depot, Walgreens, and The Fresh Market
  • Former Rite Aid Location – Successful Occupancy Since 2019

OVERVIEW

Colliers National Net Lease Group is pleased to present an opportunity to purchase a single-tenant net-leased Goodwill with over 9 years remaining on its current lease term and successful operation at this location since 2019. The Operator ‘Memphis Goodwill Incorporated’ operates 42 Locations and growing across Memphis, TN, and into Mississippi. This property is positioned along Hwy 79, the main six-lane retail corridor running into downtown Memphis and benefiting from 45k CPD. Surrounding Tenants include Kroger (Top 5 location in the State), Walgreens, & The Home Depot, amongst many others. Goodwill Memphis provides an excellent STNL investment in a rapidly growing market now and into the future.

FOR SALE DETAILS

PRICE

$3,231,070 USD

PRICE/SF

$190 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

RHM

APN/PARCEL ID

01-7047-0-0009C

ASK ABOUT THIS PROPERTY

Cameron DuffyColliersMore Info
626-633-6397

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Cameron DuffyColliersMore Info
626-633-6397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.