4340 Fayette Rd
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4340 Fayette Rd
1,300 SF Retail Building Memphis, TN 38128 £134,130 (£103/SF) 7.62% Net Initial Yield
Investment Highlights
- Great investment location
- Motivated seller
- Long term tenant
Executive Summary
Investment opportunity! Long term tenant is month to month operating a daycare. Property previously used as a dental business; could also be medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. Tenant pays all utilities, licensing, insurance lawn maintenance & interior repairs. Seller pays taxes & liability insurance. Property is in good condition with recent improvements: architectural roof replaced 2018; HVAC replaced 2021; water heater 2024; fresh exterior paint 2024.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£14,220
|
£10.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£14,220
|
£10.94
|
| Taxes |
£1,578
|
£1.21
|
| Operating Expenses |
£1,817
|
£1.40
|
| Total Expenses |
£3,395
|
£2.61
|
| Net Operating Income |
£10,825
|
£8.33
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £14,220 |
| Annual Per SF | £10.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £14,220 |
| Annual Per SF | £10.94 |
| Taxes | |
|---|---|
| Annual | £1,578 |
| Annual Per SF | £1.21 |
| Operating Expenses | |
|---|---|
| Annual | £1,817 |
| Annual Per SF | £1.40 |
| Total Expenses | |
|---|---|
| Annual | £3,395 |
| Annual Per SF | £2.61 |
| Net Operating Income | |
|---|---|
| Annual | £10,825 |
| Annual Per SF | £8.33 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Building Class
C
Year Built/Renovated
1973/2010
Price
£134,130
Price Per SF
£103
Net Initial Yield
7.62%
NOI
£10,225
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
0.16 AC
Zoning
C-H - CMU-3 Commercial mixed use.
Parking
5 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
109 ft on Cela Rd
Amenities
- Bus Route
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- The Growing Patch Learning Academy
- Educational Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| The Growing Patch Learning Academy | Educational Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 08-8005-0-0005 | Total Assessment | £25,879 (2024) |
| Land Assessment | £5,555 (2024) | Annual Taxes | £1,578 (£1.21/sf) |
| Improvements Assessment | £20,325 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
08-8005-0-0005
Land Assessment
£5,555 (2024)
Improvements Assessment
£20,325 (2024)
Total Assessment
£25,879 (2024)
Annual Taxes
£1,578 (£1.21/sf)
Tax Year
2023
-
CHERYL BROGDON -
Kaizen Realty
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4340 Fayette Rd
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