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5149 WHEELIS DR
MEMPHIS, TN 38117
Asking Price
$1.00M
Asset Type
Retail
Class
Class B
What's Special
Retail | 6,450 SqFt <p>Freestanding commercial building in the heart of East Memphis, ideal for an owner-user or investor. The property is zoned CMU-1 (Commercial Mixed Use), allowing for a variety of retail, office, medical, and personal service uses. Conveniently located just off Poplar Avenue with excellent access to I-240 and surrounded by established residential neighborhoods and commercial development.</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
