Property Listing No Longer Available for Sale

3855 Hacks Cross Road, Memphis, TN

Retail for Sale - $1,750,000 - 3,965 Sq. Ft. on 1.14 acres


Property Info

CIMLS#921695
Location
  3855 Hacks Cross Road
  Memphis TN 38125
UpdatedDecember 3rd, 2016
TypeRetail
Price$1,750,000
Building3,965 Sq. Ft.
Land1.14 acres

Property Description

The subject property is a Triple-Net (NNN) McAlister's Deli investment with the landlord responsible for roof, structure, and parking, located at 3855 Hacks Cross Road, Memphis, Tennessee. It is a 3,965 square foot property sitting on top of a roughly one and one-tenth acre lot.

The investment is ideally located off Hacks Cross Road at a signalized corner. It is less than half a mile away from the FedEx Corporation World Headquarters and the Nike Distribution Center and is surrounded by many national tenants such as Wal-Mart and Costco.

Other retailers in the area include Starbucks, McDonald's, Walgreens, PetSmart, Panda Express, Firestone Complete Auto Care, Lowe's, Buffalo Wild Wings, Bank of America, Starbuck's, Ashley Furniture, Subway, FedEx Office, Best Buy, Golfsmith, At Home, Sam's Club, Ruby Tuesday's, Payless Shoes, T-Mobile, Domino's, Sonic Drive-in, ALDI, Dunkin Donuts, Arby's, Red Lobster, Toys R Us, Dollar Tree, J.C.Penney, Office Depot, and Jo-Ann's.

Location Description:

The investment is ideally located off Hacks Cross Road at a signalized corner. It is less than half a mile away from the FedEx Corporation World Headquarters and the Nike Distribution Center and is surrounded by many national tenants such as Wal-Mart and Costco.

Other retailers in the area include Starbucks, McDonald's, Walgreens, PetSmart, Panda Express, Firestone Complete Auto Care, Lowe's, Buffalo Wild Wings, Bank of America, Starbuck's, Ashley Furniture, Subway, FedEx Office, Best Buy, Golfsmith, At Home, Sam's Club, Ruby Tuesday's, Payless Shoes, T-Mobile, Domino's, Sonic Drive-in, ALDI, Dunkin Donuts, Arby's, Red Lobster, Toys R Us, Dollar Tree, J.C.Penney, Office Depot, and Jo-Ann's.

Highlights:

>> Triple NNN Lease

>> Located less than half a mile from the FedEx Corporation World Headquarters with approximately 4000 employees.

>> Highly trafficked region with over 28,000 vehicles passing in front of the site daily

>> Population Density of roughly 169,000 within a five-mile radius

>> Located in an affluent area of Memphis with average household Incomes exceeding $92,000 within a five-mile radius

>> Experienced franchisee with 23 units and adding more

>> New Developments in the area (Subaru Dealership, 160 Luxury Apartments, and a Holiday Inn)

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Financials