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2383-2391 Lamar Ave

26,900 SF 100% Leased Retail Building Memphis, TN 38114 £956,784 (£36/SF) 10% Net Initial Yield

Executive Summary

• 26,144 SF
• Anchored by four tenants: Pro Beauty Supply,
The Venue @ Lamar, Vape Shope, J Elite Salon
Suites, and Liqours
• 100% occupied
• Situated in Memphis, TN, this property benefits
from its proximity to major transportation routes
and local amenities.
• The Lamar Avenue location ensures high
visibility and accessibility for both tenants and
customers.
• Sale Price: $1,202,715
• NOI: $120,271.58

Attachments

2383-2391 Lamar Avenue

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
26,900 SF
Building Class
C
Year Built
1973
Price
£956,784
Price Per SF
£36
Net Initial Yield
10%
NOI
£95,678
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.50
Lot Size
1.24 AC
Zoning
CH - zoned for commercial use
Parking
50 Spaces (2.14 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Pro Beauty Supply
  • Retailer
  • 11,875 SF
  • -
  • Modified Gross
  • Feb 2031
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Pro Beauty Supply Retailer 11,875 SF - Modified Gross Feb 2031
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Nearby Major Retailers

First Horizon Bank
Rent-A-Center
Regions Bank
ALDI

PROPERTY TAXES

Parcel Number 04-7060-0-0007 Improvements Assessment £66,599
Land Assessment £18,570 Total Assessment £85,169

PROPERTY TAXES

Parcel Number
04-7060-0-0007
Land Assessment
£18,570
Improvements Assessment
£66,599
Total Assessment
£85,169
(901) 526-3100 x4

Contact

  • Listing ID: 34232728

  • Date on Market: 18/12/2024

  • Last Updated:

  • Address: 2383-2391 Lamar Ave, Memphis, TN 38114

The Retail Property at 2383-2391 Lamar Ave, Memphis, TN 38114 is currently available for sale. Contact NAI Saig Company for more information.

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© 2024 CoStar Group

2383-2391 Lamar Ave
(901) 526-3100 x 4

2383-2391 Lamar Ave

Brian Califf

(901) 526-3100

x4

(901) 526-3100 x4

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