Log In/Sign up
Your email has been sent.
SPROUTS FARMERS MARKET 576 S Perkins Rd 27,833 sq ft Retail Property Memphis, TN 38117 £6,769,672 (£243.22/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corporate lease | SFM LLC | 443+ operating locations across 28 U.S. states | Currently averaging 30 newly built stores annually
- Affluent surrounding area | $175,318 average household income within a 1-mile radius
- Strategically located on a signalized corner intersection with easy access | 49,050 VPD combined
- #1 most trafficked Sprouts Farmers Market in Tennessee via Palcer.ai
- Surrounding market has very high barriers to entry | The subject property has been operating as a grocery store since the 1960’s
- Located inside of dense retail corridor | 4.1M SF within a 1-mile radius
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Sprouts in Memphis, TN. We welcome your review this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Offer
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Supermarket
Property Size
27,833 sq ft
Costar Property Class
C
Year Built/Renovated
1964/2017
Price
£6,769,672
Price per sq ft
£243.22
Yield
6.50%
NOI
£439,842
Tenancy
Single
Number of Floors
1
Loading Docks
2 Exterior
Plot ratio
0.35
Total Plot Size
1.83 ac
Use Class
CH
Parking
125 Spaces (4.49 Spaces per 1,000 sq ft Leased)
Walk Score®
Easily Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-7016-0-0001C | Improvements Assessment | £1,797,486 |
| Land Assessment | £644,592 | Total Assessment | £2,442,079 |
PROPERTY TAXES
Parcel Number
05-7016-0-0001C
Land Assessment
£644,592
Improvements Assessment
£1,797,486
Total Assessment
£2,442,079
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
SPROUTS FARMERS MARKET | 576 S Perkins Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.