Restaurant Space Near Highway
For Sale
Contact for pricing
144 US-72, Collierville, TN 38017
Restaurant space with full bar and highway visibility.
Property Size2,372 SF
Price / SF$250.84
Days on Market876
Property Features for 144 US-72
General Information
Standard status
Active
Size
2,372 SF
Class
B
Property subtype
Retail
Zoning
Retail/Commercial
Building Details
Year Built
1954
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
MMIC Inc
Listed By:
Arthur Malkin · License #TN 253811
(901) 761-1002
Source:
Crexi
Added: May 22, 2024
Changed: Oct 1
Last Checked: Oct 12 at 8:30PM
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 MMIC Inc
Investment Insights
Based on property information with market context.
This restaurant space, containing over 2,300 square feet, is located just off Highway 72. The property offers excellent visibility from the road and is conveniently situated next to the Sunset Inn, in a growing suburban area. The location features plenty of open space and a full-sized bar, making it suitable for establishing a local restaurant.
Key Highlights
- High visibility location off Highway 72.
- Large 2,300+ square foot restaurant space.
- Includes a full‑sized bar.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,950
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,000
$559.0K
Cap Rate 7%
$399,286
$399.3K
Cap Rate 9%
$310,556
$310.6K
Market Conditions
NOI Build-Up for 2,372 SF
Gross rent
$40.4K $17.04/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$37.3K $15.71/SF
− OpEx
−$9.3K −$3.93/SF
NOI
$27.9K $11.78/SF
Area
Shelby County, TN
Vacancy
7.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,000
Cap Rate 7%
$399,286
Cap Rate 9%
$310,556
Alternative Uses
Best Use
Specialty Retail
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.1K
$420.1K – $560.2K
NOI $33,610 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Home Improvements & Furnishings 36%
Shops & Services 25%
SONIC Drive In
Dining
15,711 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
14,513 visits/mo
0.2 miles
Shell
Shops & Services
6,866 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
3,148 visits/mo
0.2 miles
Demographics for 38017, TN
55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
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 South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with full bar and highway visibility.
Where is this conventional restaurant located?
The property is located at 144 US-72 Collierville, TN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High visibility location off Highway 72.; Large 2,300+ square foot restaurant space.; Includes a full‑sized bar.
