Plasma Center | 3329 Austin Peay Hwy
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Plasma Center 3329 Austin Peay Hwy
22,630 SF Retail Building Memphis, TN 38128 £1,369,704 (£61/SF) 6% Net Initial Yield
Investment Highlights
- Well-below market rent | Purchase price of $76/SF
- Complete building renovation in 2021 funded by tenant
- Corporate lease | Backed by over 180 locations across the world
- Rent increase of 10% in April 2026 | Blended cap rate of 6.66% over initial lease term
- Minimal landlord responsibilities | Tenant pays for taxes, insurance and CAM
- Less than half mile from new retail development which includes Chick Fil A, What-A-Burger, Starbucks, Bojangles, Chase Bank, and more
Executive Summary
• Well-below market rent | Purchase price of $76/SF
• Rent increase of 10% in April 2026 | Blended cap rate of 6.66% over initial lease term
• Complete building renovation in 2021 funded by tenant
• Minimal landlord responsibilities | Tenant pays for taxes, insurance and CAM
• Corporate lease | Backed by over 180 locations across the world
• Great access to I-40 (115K+ VPD) | Austin Peay Hwy (28K+ VPD)
• Population of 161K within 5-mile radius
• Located across street from brand-new $65 million Raleigh Civic Center
• Less than half mile from new retail development which includes Chick Fil A, What-A-Burger,
Starbucks, Bojangles, Chase Bank, and more
• Rent increase of 10% in April 2026 | Blended cap rate of 6.66% over initial lease term
• Complete building renovation in 2021 funded by tenant
• Minimal landlord responsibilities | Tenant pays for taxes, insurance and CAM
• Corporate lease | Backed by over 180 locations across the world
• Great access to I-40 (115K+ VPD) | Austin Peay Hwy (28K+ VPD)
• Population of 161K within 5-mile radius
• Located across street from brand-new $65 million Raleigh Civic Center
• Less than half mile from new retail development which includes Chick Fil A, What-A-Burger,
Starbucks, Bojangles, Chase Bank, and more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,630 SF
Building Class
B
Year Built
1972
Price
£1,369,704
Price Per SF
£61
Net Initial Yield
6%
NOI
£82,214
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.33
Land Acres
1.57 AC
Zoning
CP
Parking
60 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
183 ft on Austin Peay Hwy
Amenities
- Bus Route
- Pylon Sign
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 08-5016-0-0041 | Improvements Assessment | £129,933 |
| Land Assessment | £68,769 | Total Assessment | £198,702 |
PROPERTY TAXES
Parcel Number
08-5016-0-0041
Land Assessment
£68,769
Improvements Assessment
£129,933
Total Assessment
£198,702
-
Ross Robison -
MECA Commercial Real Estate
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Plasma Center | 3329 Austin Peay Hwy
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