Grocery Convenience Store with Full
New
For Sale
Contact for pricing
600 S Pkwy E, Memphis, TN 38106
Grocery and convenience store currently leased; fully fenced site with a lease expiring 12/31/25 and renewing.
Property Size1,979 SF
Lot Size0.39 Acres
Price / SF$189.49
Days on Market5
Property Features for 600 S Pkwy E
General Information
Standard status
Active
Size
1,979 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$375,000
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Daniel McPhail
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 10:01AM
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.
Grocery and convenience store property featuring a fully fenced site. The offering includes a 2,300 SF facility situated on 0.39 acres. The property is currently occupied by Don’s South Memphis Market.
The lease expiration is 12/31/25, and the lease will renew. The property is located approximately 1 mile from Interstate, providing straightforward access to the surrounding Memphis area.
For prospective tenants or investors, the current lease structure and enclosed, secured site configuration may support a variety of neighborhood retail and convenience use cases consistent with a grocery and convenience format.
The lease expiration is 12/31/25, and the lease will renew. The property is located approximately 1 mile from Interstate, providing straightforward access to the surrounding Memphis area.
For prospective tenants or investors, the current lease structure and enclosed, secured site configuration may support a variety of neighborhood retail and convenience use cases consistent with a grocery and convenience format.
Key Highlights
- 2,300 SF grocery and convenience store
- 0.39‑acre site
- Fully fenced property
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 | $33.2k | $16.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $31.8k | $16.04 |
| − OpEx | −$7.9k | −$4.01 |
| NOI | $23.8k | $12.03 |
1,979 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$340.2K
$297.7K – $396.9K
NOI $23,813 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,942 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
6,700 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,280 visits/mo
0.2 miles
Citgo
Shops & Services
2,195 visits/mo
0.2 miles
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery and convenience store currently leased; fully fenced site with a lease expiring 12/31/25 and renewing.
Where is this grocery and convenience store located?
The property is located at 600 S Pkwy 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 and convenience store; 0.39‑acre site; Fully fenced property
