$9,050,000 USD
704-714-2363
576 S Perkins Rd
Memphis, TN 38117
Audubon Park
HIGHLIGHTS
- Corporate lease | SFM LLC | 443+ operating locations across 28 U.S. states | Currently averaging 30 newly built stores annually
- #1 most trafficked Sprouts Farmers Market in Tennessee via Palcer.ai
- Affluent surrounding area | $175,318 average household income within a 1-mile radius
- Surrounding market has very high barriers to entry | The subject property has been operating as a grocery store since the 1960’s
- Strategically located on a signalized corner intersection with easy access | 49,050 VPD combined
- Located inside of dense retail corridor | 4.1M SF within a 1-mile radius
FOR SALE DETAILS
PRICE
$9,050,000 USD
PRICE/SF
$323 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SPROUTS FARMERS MARKET
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
125
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
CH
APN/PARCEL ID
05-7016-0-0001C
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704-714-2363
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704-714-2363
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