Freestanding Restaurant Building For
For Sale
Contact for pricing
7990 Horizon Center Blvd, Memphis, TN
7,774 SF fully equipped restaurant on 2.57 acres.
Property Size7,774 SF
Lot Size2.59 Acres
Price / SF$154.36
Days on Market870
Property Features for 7990 Horizon Center Blvd
General Information
Standard status
Active
Size
7,774 SF
Lot size
2.59 Acres
Property subtype
RETAIL
Listing Agency:
The Shopping Center Group | Metro DC
(901) 869-2720
Listed By:
Jon Isbell · License #297139
Source:
Moodyscre
Added: Mar 15, 2024
Changed: Jul 6
Last Checked: Jul 31 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Shopping Center Group | Metro DC
Investment Insights
Based on property information with market context.
A 7,774 square foot freestanding, fully equipped restaurant building is available for sale. The property is situated on a 2.57-acre lot. It is located adjacent to a Hyatt Place and The Commons at Wolfcreek Shopping Center, and across the street from Wolfchase Galleria Mall. The property is positioned on a frontage road to Interstate 40. Traffic counts are significant, with Interstate 40 recording an annual average daily traffic (AADT) count of 103,701 and Germantown Parkway registering 73,408.
Key Highlights
- Fully equipped 7,774 sf freestanding restaurant building.
- Located on 2.57 acres with frontage road access to Interstate 40.
- High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.6k | $16.80 |
| − Vacancy | −$5.9k | −$0.76 |
| EGI | $124.7k | $16.04 |
| − OpEx | −$31.2k | −$4.01 |
| NOI | $93.5k | $12.03 |
7,774 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,545 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$1.11M
$969.3K – $1.29M
NOI $77,546 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,829 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
642k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Shops & Services 20%
Superstores 17%
Home Improvements & Furnishings 14%
Costco Wholesale
Superstores
108,795 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
61,695 visits/mo
0.2 miles
T.J. Maxx
Apparel
58,589 visits/mo
0.3 miles
Kohl's
Apparel
54,210 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
44,520 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 7,774 SF fully equipped restaurant on 2.57 acres.
Where is this restaurant located?
The property is located at 7990 Horizon Center Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully equipped 7,774 sf freestanding restaurant building.; Located on 2.57 acres with frontage road access to Interstate 40.; High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
