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    3450 Millbranch Rd Memphis, TN 38116

    Sponsored
    For Sale
    $400,000

    High-Yield Retail Property, Excellent Tenant

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Memphis storefront property at 3450 Millbranch Rd, in Shelby County, TN 38116, presents a compelling investment opportunity. Currently 100% occupied by Title Max under a lease extending through February 28, 2027, with a single option to extend the lease for an additional three years (through February 28, 2030) at a monthly rent of $2,645.09. The property boasts a strong net operating income (NOI) of $28,526.60 annually, resulting in an attractive 7.1% capitalization rate. The asking price for this turnkey investment is $400,000. The building is well-maintained, with the landlord responsible for crucial aspects such as HVAC, roof maintenance, and parking lot upkeep, minimizing operational concerns for the new owner. This presents a low-maintenance, high-return investment in a desirable Memphis location. The property's strong tenant and lease terms provide immediate cash flow and long-term stability, making it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a profitable, well-located retail storefront in a thriving market. Don't miss out on this exceptional investment prospect.

    Property Features for 3450 Millbranch Rd

    General Information

    Property type
    Individual retail properties

    HighLights

    • $400,000 asking price.
    • 100% occupied by TitleMax through 2/28/27, with one option to extend through 2/28/30 at $2,645.09/month.
    • $28,526.60 annual NOI, 7.1% cap rate.
    • Landlord responsible for HVAC, roof, parking lot maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    TitleMax Title Loans Loan Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0070534
    Latitude
    35.0545068

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property, Excellent Tenant
    Where is this individual retail property 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: $400,000 asking price.; 100% occupied by TitleMax through 2/28/27, with one option to extend through 2/28/30 at $2,645.09/month.; $28,526.60 annual NOI, 7.1% cap rate.
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    Memphis, TN 38116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3450 Millbranch Rd Memphis, TN 38116
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