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INVESTMENT OPPORTUNITY 2519 Broad Ave 4,553 sq ft 100% Let Retail Property Memphis, TN 38112 £897,330 (£197.09/sq ft) 7.02% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime NNN Investment in Memphis Arts District
- Historic Broad Ave Property | Newly Renovated with a 10-Year Lease in Place
- Fully Leased Asset in Booming Broad Avenue Corridor
EXECUTIVE SUMMARY
Prime Investment Opportunity – 2519 Broad Ave, Memphis, TN 38112
Seize the opportunity to own a 4,553 SF property in the heart of Memphis’ thriving Broad Avenue Arts District. Bud and Brews, a popular Nashville-based concept, has signed a 10-year lease, which commenced just a few months ago, offering long-term stability for investors.
Investment Highlights:
-Strong Tenant: Bud and Brews, a well-established brand expanding into Memphis
-Secure Income: Lease at $18.50/SF with 2.5% annual increases
-Long-Term Upside: Two 5-year renewal options post-primary term
-High-Growth Location: Broad Ave is a sought-after destination for retail, dining, and entertainment
-Major New Development: A large 400 unit multifamily project has just been completed directly across the street, adding significant foot traffic and consumer demand
-High-traffic location with 43,400+ cars/day on nearby Sam Cooper Blvd
Asking Price: $1.2M – A compelling opportunity in a booming market. Contact us today to learn more!
Seize the opportunity to own a 4,553 SF property in the heart of Memphis’ thriving Broad Avenue Arts District. Bud and Brews, a popular Nashville-based concept, has signed a 10-year lease, which commenced just a few months ago, offering long-term stability for investors.
Investment Highlights:
-Strong Tenant: Bud and Brews, a well-established brand expanding into Memphis
-Secure Income: Lease at $18.50/SF with 2.5% annual increases
-Long-Term Upside: Two 5-year renewal options post-primary term
-High-Growth Location: Broad Ave is a sought-after destination for retail, dining, and entertainment
-Major New Development: A large 400 unit multifamily project has just been completed directly across the street, adding significant foot traffic and consumer demand
-High-traffic location with 43,400+ cars/day on nearby Sam Cooper Blvd
Asking Price: $1.2M – A compelling opportunity in a booming market. Contact us today to learn more!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Size
4,553 sq ft
Costar Property Class
C
Year Built
1910
Price
£897,330
Price per sq ft
£197.09
Yield
7.02%
NOI
£62,993
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.42
Total Plot Size
0.25 ac
Opportunity Zone
Yes
Use Class
CL
Parking
4 Spaces (0.88 Spaces per 1,000 sq ft Leased)
Frontage
40 ft on Broad Avenue
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Easily Walkable (74)
Bike Score®
Good for cycling (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-3021-0-0001 | Improvements Assessment | £98,676 |
| Land Assessment | £27,578 | Total Assessment | £126,254 |
PROPERTY TAXES
Parcel Number
03-3021-0-0001
Land Assessment
£27,578
Improvements Assessment
£98,676
Total Assessment
£126,254
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INVESTMENT OPPORTUNITY | 2519 Broad Ave
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