$1,850,000 USD
754-216-1154
5940-5992 Mt Moriah Rd
Memphis, TN 38115
Fox Meadows
HIGHLIGHTS
- Immediate upside through 2 vacant suites and 2 month-to-month tenants, providing the opportunity to increase occupancy, execute market-rate renewals.
- The center is occupied by a complementary mix of daily-needs and neighborhood service tenants, including Asiana Market, Asiana Garden, Sunny Hair Etc.
- Positioned on Mt. Moriah Road with 50,000+ VPD, Ridgeway Crossing benefits from a highly visible location less than 1 mile from Walmart Supercenter.
- The property serves a robust trade area with over 210,000 residents and an average household income exceeding $103,693 within a 5-mile radius.
- With a combination of long-term leases, near-term expirations, and month-to-month tenants, investors have the flexibility to increase rents.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 17,800 SF Ridgeway Crossing located at 5940–5992 Mt Moriah Road in Memphis, TN. This offering presents a compelling value-add opportunity with immediate upside through 2 vacant suites and 2 month-to-month tenants, providing the potential to increase occupancy, achieve market-rate renewals, and drive long-term NOI growth.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$1,850,000 USD
PRICE/SF
$104 USD /SF
CAP RATE
8.17%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ridgeway Crossing - Memphis, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
2.31 AC
LAND SF
100,624 SF
ZONING
CL
APN/PARCEL ID
09-3100-0-0139
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
754-216-1154
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
754-216-1154
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
