3450 Millbranch Rd Memphis, TN 38116
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Single tenant retail property 100% occupied by Title Max.
Type:Retail, Office
Property size:
2,800 SF- Added:
- Nov 20, 2024
- Days on Market:
- 514
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 3450 Millbranch Rd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1972
Listing agent Brian Califf License #TN 299669
Listing office NAI Saig Company Memphis (901) 526-3100
Listing date Nov 20, 2024
Source Crexi
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
Overview
Freestanding Retail Investment Opportunity
This freestanding retail property, located at 3450 Millbranch Rd in Memphis, TN, presents an investment opportunity. The 2,800 square foot building is 100% occupied by Title Max through February 28, 2027, with one option to extend the lease from March 1, 2027, through February 28, 2030, at $2,645.09 per month. The net operating income (NOI) is $28,526.60 per year, resulting in a cap rate of 7.1%. The surrounding area offers a dynamic blend of amenities and attractions, including destinations such as Graceland and the National Civil Rights Museum. The location also boasts a thriving culinary scene, including local BBQ joints and eclectic dining experiences. With convenient access to major highways and a bustling business community, the location is ideal for investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
TitleMax Title Loans
Loan Service
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0071061
- Latitude
- 35.0544792
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FAQs
What type of property is this?
Retail space - Single tenant retail property 100% occupied by Title Max.
Where is this retail space located?
The property is located at 3450 Millbranch Rd Memphis, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Freestanding retail building 100% occupied by a single tenant (Title Max).; Lease in place through February 28, 2027, with one option to extend through February 28, 2030.; Net Operating Income (NOI) of $28,526.60 per year.
