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Freestanding Restaurant Building For Sale

7990 Horizon Center Blvd, Memphis, TN

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For Sale

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7,774 SF fully equipped restaurant on 2.57 acres.

Type:RETAIL

Property size:

7,774 SF

Lot size:

2.59 Acres

Price / SF:

$154/SF

HighLights

Fully equipped 7,774 sf freestanding restaurant building.
Located on 2.57 acres with frontage road access to Interstate 40.
High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
Across the street from Wolfchase Galleria Mall.
Adjacent to a Hyatt Place hotel.
Adjacent to The Commons at Wolfcreek Shopping Center.

We can help!

Listing Contact

Jon Isbell

For Sale

Contact for pricing

7,774 SF fully equipped restaurant on 2.57 acres.

Type:RETAIL

Property size:

7,774 SF

Lot size:

2.59 Acres

Price / SF:

$154/SF

Added:: Mar 15, 2024
Days on Market:: 822
Last Refresh:: May 20 at 9:25 pm

Property Features for 7990 Horizon Center Blvd

General Information

Standard status: Active
Size: 7,774 SF
Lot size: 2.59 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jon Isbell

Listing agent Jon Isbell License #297139

Listing office The Shopping Center Group | Metro DC

Listing date Mar 15, 2024

Source Moodyscre

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 The Shopping Center Group | Metro DC

HighLights

Fully equipped 7,774 sf freestanding restaurant building.
Located on 2.57 acres with frontage road access to Interstate 40.
High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
Across the street from Wolfchase Galleria Mall.
Adjacent to a Hyatt Place hotel.
Adjacent to The Commons at Wolfcreek Shopping Center.

Overview

A 7,774 square foot freestanding, fully equipped restaurant building is available for sale. The property is situated on a 2.57-acre lot. It is located adjacent to a Hyatt Place and The Commons at Wolfcreek Shopping Center, and across the street from Wolfchase Galleria Mall. The property is positioned on a frontage road to Interstate 40. Traffic counts are significant, with Interstate 40 recording an annual average daily traffic (AADT) count of 103,701 and Germantown Parkway registering 73,408.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.6k	$16.80
− Vacancy	−$5.9k	−$0.76
EGI	$124.7k	$16.04
− OpEx	−$31.2k	−$4.01
NOI	$93.5k	$12.03

7,774 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,545 @ 7.0% cap · market cap 7.80%

Second Best

Retail

$1.11M

$969.3K – $1.29M (±1% cap)

NOI $77,546 @ 7.0% cap · market cap 6.46%

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,829 @ 7.0% cap · market cap 13.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Memphis
County: Shelby
State: Tennessee
Longitude: -89.7966
Latitude: 35.1959

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For sale
Restaurants
TN
Memphis
7990 Horizon Center Blvd

What type of property is this?

Restaurant - 7,774 SF fully equipped restaurant on 2.57 acres.

Where is this restaurant located?

The property is located at 7990 Horizon Center Blvd Memphis, TN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Fully equipped 7,774 sf freestanding restaurant building.; Located on 2.57 acres with frontage road access to Interstate 40.; High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).

7990 Horizon Center Blvd, Memphis, TN

7,774 SF fully equipped restaurant on 2.57 acres.

Property Features for 7990 Horizon Center Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

High-Traffic Commercial Space in Memphis

Flex Industrial Building with Office

Memphis Commercial Property For Sale

East Memphis Multifamily Investment Opportunity

Versatile Commercial Property in Memphis

Mixed-Use Commercial Building in Memphis

Freestanding Retail Redevelopment Building

Gated Townhome Community in Memphis

19-Unit Multifamily Apartment Building

Memphis Commercial Property for Sale

Office Building in Medical District

Well-Maintained Duplex for Sale

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