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2912 Coleman Road
Memphis, TN 38128
Asking Price
$600K
Cap Rate
9.08%
Asset Type
Storefront Retail
Class
Class B
What's Special
$600k | December Lease Exp. | Large Building & Parcel Size <p><strong><u>PROPERTY HIGHLIGHTS</u></strong></p><ul><li><strong><u>Freestanding Retail Building | +0.92 AC | Built in 2002</u></strong></li><li><strong><u>High Traffic Counts</u></strong> - strong visibility & access along Coleman Rd with approximately 22,000 vehicles per day (VPD).</li><li><strong><u>Excellent Access</u></strong> - conveniently located just five (5) minutes from I-240.</li><li><strong><u>Strong Retail Corridor</u></strong> - nearby traffic drivers include ALDI, Kroger, So
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NOI
$80,000
Cap Rate
13.33%
DSCR
2.25
Strong
Cash-on-Cash
24.65%
Monthly Payment
$2,968.473
Annual Cash Flow
$44,378.328
