783 W Poplar Ave - Freestanding FOR SALE


Collierville, TN 38017
$3,585,000 USD
901-827-8929
783 W Poplar Ave, Collierville, TN for Sale
$3,585,000 USD
Freestanding - FOR SALE
1/6
null | 9.55% Cap Rate

783 W Poplar Ave
Collierville, TN 38017


HIGHLIGHTS

  • 100% Occupied
  • Diverse long tenured tenant mix
  • Located in an affluent Memphis suburb

OVERVIEW

Marcus & Millichap is pleased to present Byhalia Crossing, a 100% leased, 43,490-square-foot multi-tenant retail center of three buildings and ten suites along South Byhalia Road, just south of the signalized West Poplar Avenue intersection in Collierville, Tennessee. Offered as a leasehold interest in the improvements only, with the underlying land held under a ground lease running through 2074, the center delivers a 9.6% going in return on a diversified, service-weighted roster spanning medical, personal-care, fitness, food-and-beverage, and specialty retail uses. Something Special Furniture & Decor anchors the roster, which carries staggered expirations extending to 2033. Positioned within Collierville, one of metropolitan Memphis’s most affluent and lowest-vacancy retail submarkets, the property benefits from a three-mile median household income of roughly $130,000 and strong corridor traffic, with ±25,200 VPD along S Byhalia Road and ±24,700 VPD on W Poplar Avenue. Priced at $82.43 per square foot, the center is surrounded by national anchors including Walmart, Target, Academy Sports, Harbor Freight, and Kroger.

FOR SALE DETAILS

PRICE

$3,585,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

9.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

GC

APN/PARCEL ID

C0-244-0-0358

ASK ABOUT THIS PROPERTY

William DavisMarcus & MillichapMore Info
901-827-8929

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William DavisMarcus & MillichapMore Info
901-827-8929

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