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2920 LAMAR AVE
MEMPHIS, TN 38114
Asking Price
$1.18M
Cap Rate
10%
Asset Type
Grocery Store Retail
Class
Class B
What's Special
10% Cap | Low Rent | 30,000 VPD <p>• STRONG 10% CAP RATE | JUST $1,177,000</p><p>• LOCATED AT SIGNALIZED ENTRANCE TO SHOPPING CENTER</p><p>• STRONG PERFORMING STORE PER PLACER.AI | TOP 20% IN THE COUNTRY</p><p>• OUTPARCEL TO SHOPPING CENTER WITH NATIONAL TENANTS</p><p>• FRONTAGE TO 30,000+ VEHICLES PER DAY</p><p>• DENSE POPULATION OF 200,000+ IN 5-MILE RADIUS</p><p>• LOW BASE RENT OF JUST $12.82 PER SQUARE FOOT</p><p>• JUST MINUTES FROM FEDEX WORLD HUB AND MEMPHIS INTERNATIONAL AIRPORT</p>
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NOI
$80,000
Cap Rate
6.80%
DSCR
1.14
Tight
Cash-on-Cash
2.87%
Monthly Payment
$5,823.154
Annual Cash Flow
$10,122.154
