2519 Broad Ave - Retail FOR SALE


Memphis, TN 38112- Binghampton
$1,200,000 USD
901-483-9974
2519 Broad Ave, Memphis, TN for Sale
$1,200,000 USD
Retail - FOR SALE
1/9
null | 7.02% Cap Rate

2519 Broad Ave
Memphis, TN 38112
Binghampton


HIGHLIGHTS

  • Prime NNN Investment in Memphis Arts District
  • Fully Leased Asset in Booming Broad Avenue Corridor
  • Historic Broad Ave Property | Newly Renovated with a 10-Year Lease in Place

OVERVIEW

Prime Investment Opportunity – 2519 Broad Ave, Memphis, TN 38112 Seize the opportunity to own a 4,553 SF property in the heart of Memphis’ thriving Broad Avenue Arts District. Bud and Brews, a popular Nashville-based concept, has signed a 10-year lease, which commenced just a few months ago, offering long-term stability for investors. Investment Highlights: -Strong Tenant: Bud and Brews, a well-established brand expanding into Memphis -Secure Income: Lease at $18.50/SF with 2.5% annual increases -Long-Term Upside: Two 5-year renewal options post-primary term -High-Growth Location: Broad Ave is a sought-after destination for retail, dining, and entertainment -Major New Development: A large 400 unit multifamily project has just been completed directly across the street, adding significant foot traffic and consumer demand -High-traffic location with 43,400+ cars/day on nearby Sam Cooper Blvd Asking Price: $1.2M – A compelling opportunity in a booming market. Contact us today to learn more!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

INVESTMENT OPPORTUNITY

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CL

APN/PARCEL ID

03-3021-0-0001

ASK ABOUT THIS PROPERTY

Brown GillGill Properties, Inc.More Info
901-483-9974

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Brown GillGill Properties, Inc.More Info
901-483-9974

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