4696 US-61 - Retail FOR SALE


Memphis, TN 38109- Whitehaven
$2,552,471 USD
770-789-5514
4696 US-61, Memphis, TN for Sale
$2,552,471 USD
Retail - FOR SALE
1/4
null | 7% Cap Rate

4696 US-61
Memphis, TN 38109
Whitehaven


OVERVIEW

Established grocery store chain with 720 stores across 32 states • Save A Lot enjoys ±20 years of successful operation at this location • New 10-year NNN lease to commence December 1, 2026. Save A Lot has accepted newly renovated building • Newly seal coated and striped parking lot, new Trane HVAC and other improvements provided by landlord limits future capex exposure • Tenant maintained parcel, LL does not have to handle CAM billing • Successful tenure as this store has been in operation since 2008 Rent increases every five years, including renewal options • Opportunity to add kiosk or increase shop GLA provides additional source of upside • Memphis is a strategic distribution hub and HQ to FedEx and other Fortune 500 employers

FOR SALE DETAILS

PRICE

$2,552,471 USD

PRICE/SF

$157 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Save A Lot - Single Tenant Net Leased Grocery

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

07-5175-0-0025

ASK ABOUT THIS PROPERTY

Joseph MontgomeryColliersMore Info
770-789-5514

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Joseph MontgomeryColliersMore Info
770-789-5514

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