Fully Occupied Retail Strip
3705 Malco Way Memphis, TN 38125
For Sale
Contact for pricing
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 Market500
Property Features for 3705 Malco Way
General Information
Standard status
Active
Size
28,458 SF
Lot size
3.60 Acres
Property subtype
RETAIL
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Jul 25
Last Checked: Jul 28 at 12:43PM
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
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 For 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 | $512.2k | $18.00 |
| − Vacancy | −$41.0k | −$1.44 |
| EGI | $471.3k | $16.56 |
| − OpEx | −$141.4k | −$4.97 |
| NOI | $329.9k | $11.59 |
28,458 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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%
