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3449, 3455, 3457 Summer Ave
Memphis, TN 38122
Asking Price
$200K
Asset Type
Storefront Retail
Class
Class B
What's Special
Flexible Multi-Building Configuration <p><span style="font-weight: bold">TN Auctioneer Stephen Dawson TN 7746</span></p><ul><li>Redevelopment / Repositioning Opportunity: The Property is currently fully vacant, allowing investors the opportunity to reposition, redevelop, lease-up, or repurpose the asset without existing tenant restrictions.</li><li>High Traffic Infill Location: Strategically positioned along Summer Avenue with approximately 23,281 VPD and immediate proximity to Sam Cooper Boulevard seeing approximately 42,394 VPD,
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NOI
$80,000
Cap Rate
40.00%
DSCR
6.74
Strong
Cash-on-Cash
113.54%
Monthly Payment
$989.491
Annual Cash Flow
$68,126.109
