Shopping Center - NNN Net Lease Property for Sale
Memphis, TN
Key Investment Metrics
Price
$3,630,000
Cap Rate
5.5%
Net Operating Income
$199,650
Building Size
4554 SF
Lot Size
49,287 SF
Land Area
1.32 Acres
Year Built
2008
Occupancy
100%
Tenancy
Single
Rent Increases
In Option Periods
About This Shopping Center Net Lease Property
This Shopping Center NNN (triple net lease) property is located in Memphis, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 4554 square feet of building space and was built in 2008.
With a cap rate of 5.5%, this Shopping Center net lease property offers stable income potential. The asking price is $3,630,000, making it an attractive option for 1031 exchange investors seeking quality Shopping Center commercial properties.
Why Invest in Shopping Center NNN Properties?
- Stable Income: Shopping Center net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Shopping Center is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Memphis, TN Market Overview
Located in Memphis, TN, this Shopping Center property benefits from strong local demographics and market fundamentals. The Memphis area offers excellent visibility and accessibility, making it an ideal location for Shopping Center operations and a solid investment for net lease property buyers.