Fully Occupied Retail Strip
For Sale
Contact for pricing
3705 Malco Way, Memphis, TN 38125
Retail strip center with 100% occupancy across nine tenants totaling 28,458 square feet.
Property Size28,458 SF
Lot Size3.60 Acres
Price / SF$140.21
Days on Market591
Property Features for 3705 Malco Way
General Information
Standard status
Active
Size
28,458 SF
Lot size
3.60 Acres
Property subtype
RETAIL
Occupancy
100%
Site & Location
Neighborhood
Transformations Economic and Comm. Development
Additional Details
Cap Rate
8.4%
Building Details
Tenancy
Multi
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Oct 26
Last Checked: Oct 26 at 7:53PM
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 - Memphis
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Investment Insights
Based on property information with market context.
This fully occupied retail strip center offers a total of 28,458 square feet across nine tenants. The property sits on 3.6 acres and is currently 100% leased.
The center is located at 3705 Malco Way in Memphis, Tennessee. Based on the provided financial information, the property has an in-place cap rate of 8.4%, with a stabilized cap rate at market rents of 11.2%.
The offering is structured for a stabilized, income-producing retail investment, supported by the current occupancy level and tenant count provided in the listing materials.
The center is located at 3705 Malco Way in Memphis, Tennessee. Based on the provided financial information, the property has an in-place cap rate of 8.4%, with a stabilized cap rate at market rents of 11.2%.
The offering is structured for a stabilized, income-producing retail investment, supported by the current occupancy level and tenant count provided in the listing materials.
Key Highlights
- Retail strip center totaling 28,458 SF on 3.6 acres
- 100% occupancy with 9 total tenants
- Current in‑place cap rate of 8.4%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,885
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,597,700
$6.6M
Cap Rate 7%
$4,712,643
$4.7M
Cap Rate 9%
$3,665,389
$3.7M
Market Conditions
NOI Build-Up for 28,458 SF
Gross rent
$512.2K $18.00/SF
− Vacancy
−$41.0K −$1.44/SF
EGI
$471.3K $16.56/SF
− OpEx
−$141.4K −$4.97/SF
NOI
$329.9K $11.59/SF
Area
ZIP 38125
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,597,700
Cap Rate 7%
$4,712,643
Cap Rate 9%
$3,665,389
Alternative Uses
Best Use
Retail
$4.71M
$4.12M – $5.50M
NOI $329,885 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,636 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
299k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 25%
Apparel 12%
Home Improvements & Furnishings 10%
Chick-fil-A
Dining
51,617 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
29,901 visits/mo
0.5 miles
McDonald's
Dining
28,514 visits/mo
0.0 miles
Ross Dress for Less
Apparel
23,451 visits/mo
0.3 miles
Five Below
Shops & Services
22,983 visits/mo
0.3 miles
Demographics for 38125, TN
40,970
Population
16,435
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
2,156
Density / Sq Mi
$83,184
Median Household Income
$45,793
Median Earnings
$1,440
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center with 100% occupancy across nine tenants totaling 28,458 square feet.
Where is this strip mall located?
The property is located at 3705 Malco Way Memphis, TN.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Retail strip center totaling 28,458 SF on 3.6 acres; 100% occupancy with 9 total tenants; Current in‑place cap rate of 8.4%
