Restaurant Building in Wolfchase
7990 Horizon Center Blvd Memphis, TN 38133
For Sale
$1,200,000
Freestanding, fully equipped restaurant building for sale in Memphis.
Property Size7,774 SF
Lot Size2.57 Acres
Price / SF$154.36
Days on Market140
Property Features for 7990 Horizon Center Blvd
General Information
- Standard status
- Active
- Size
- 7,774 SF
- Lot size
- 2.57 Acres
- Property subtype
- Single Tenant or Freestanding Building
Listing Agency:
TSCG The Shopping Center Group Memphis
(901) 334-5706
Listed By:
Jon Isbell · License #297139
Source:
Tscg
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 24 at 7:20AM
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 TSCG The Shopping Center Group Memphis
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 2.57 acres at the northwest corner of Horizon Center Boulevard and Horizon Lake Drive, within the Wolfchase Trade Area of Memphis. 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 benefits from its location on a frontage road to Interstate 40. Traffic counts in the area show 103,701 vehicles on Interstate 40 and 73,408 vehicles on Germantown Parkway (AADT).
Key Highlights
- Freestanding, fully equipped 7,774 SF restaurant building on 2.57 acres.
- Prime location in the Wolfchase Trade Area of Memphis.
- 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
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Freestanding, fully equipped restaurant building for sale in Memphis.
Where is this conventional 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: Freestanding, fully equipped 7,774 SF restaurant building on 2.57 acres.; Prime location in the Wolfchase Trade Area of Memphis.; High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
