Fully Fenced Grocery
600 S Parkway E Memphis, TN 38106
600 S Parkway E, Memphis, TN, 38106
$375,000
For Sale
$375,000
Grocery market for sale with 2,300 SF and a fully fenced site, currently leased through 12/31/25.
Property Size2,300 SF
Lot Size0.39 Acres
Price / SF$163.04
Days on Market158
Property Features for 600 S Parkway E
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.39 Acres
- Property subtype
- Free Standing Building
Listing agency
NAI | Saig Company
(901) 526-3100
Listed by
Daniel McPhail
(901) 526-3100
Source
Thebrokerlist
Added: Feb 14 Updated: Jul 22 at 9:35AM Checked: Jul 22 at 9:35AM
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 NAI | Saig Company
Investment Insights
Based on property information with market context.
This for-sale grocery and convenience retail property includes a 2,300 SF building on a 0.39-acre site and features a fully fenced perimeter. The property is currently occupied by Don’s South Memphis Market under an existing lease.
The lease is set to expire on 12/31/25, with the tenant indicating it will be renewed. The property is located at 600 S Parkway E in Memphis, approximately within ±1 mile of Interstate access.
Ideal for buyers seeking an income-producing retail asset with an active tenant and a fenced site configuration.
The lease is set to expire on 12/31/25, with the tenant indicating it will be renewed. The property is located at 600 S Parkway E in Memphis, approximately within ±1 mile of Interstate access.
Ideal for buyers seeking an income-producing retail asset with an active tenant and a fenced site configuration.
Key Highlights
- 2,300 SF grocery market building for sale
- 0.39‑acre lot with a fully fenced site
- Currently leased to Don’s South Memphis Market
Local 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 | $38.6k | $16.80 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $36.9k | $16.04 |
| − OpEx | −$9.2k | −$4.01 |
| NOI | $27.7k | $12.03 |
2,300 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$327.8K
$286.8K – $382.4K
NOI $22,943 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$679.7K
$594.8K – $793.0K
NOI $47,582 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parkway Fish Market
Food Market
Don's South Memphis ...
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Grocery market for sale with 2,300 SF and a fully fenced site, currently leased through 12/31/25.
Where is this grocery and convenience store located?
The property is located at 600 S Parkway E Memphis, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,300 SF grocery market building for sale; 0.39‑acre lot with a fully fenced site; Currently leased to Don’s South Memphis Market
