6150 Macon RdMemphis, TN 38134

This exceptional investment opportunity presents a 89,630 square foot multi-tenant retail shopping center and a 2,585 square foot outparcel quick-service restaurant (QSR) in Memphis, Tennessee. Located on a 10.22-acre site with 402 parking spaces, the property boasts high visibility along the I-40 corridor, experiencing an average daily traffic count of 138,370 vehicles. The shopping center is 89% occupied by 16 tenants, offering a diverse mix of national, regional, and local businesses, many with long-term leases. The included QSR is leased to a long-term tenant with a significant market presence. The property offers a compelling value-add opportunity through leasing up two vacant spaces totaling 9,900 square feet, negotiating rent increases with existing tenants, and potentially selling the outparcel separately. Built in 1986, the property features two single-story buildings and benefits from its proximity to Bass Pro Shops. The asking price is $5,980,000, with a current Net Operating Income (NOI) of $604,684 and a 10.11% cap rate. The property is offered free and clear of debt at closing and is ideally suited for a 1031 exchange. The property is located at 6150 and 6130 Macon Rd, Memphis, TN 38134. Approximately 78% of tenants are on a triple net (NNN) lease structure.