Freestanding Retail Investment Opportunity

3450 Millbranch Rd, Memphis, TN 38116

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For Sale

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Single tenant retail property 100% occupied by Title Max.

Type:Retail, Office

Property size:

2,800 SF

Price / SF:

$142/SF

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Contact for Pricing

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and status of this listing

Brian Califf

Real Estate License ID: TN 299669

HighLights

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.
Cap rate of 7.1%.
Tenant has option to extend lease at $2645.09 per month.
Located in Memphis, TN, near Graceland and the National Civil Rights Museum.

For Sale

Contact for pricing

Single tenant retail property 100% occupied by Title Max.

Type:Retail, Office

Property size:

2,800 SF

Price / SF:

$142/SF

Added:: Nov 20, 2024
Days on Market:: 593
Last Refresh:: Jun 21 at 1:11 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

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Contact an agent

Brian Califf

Listing office NAI Saig Company Memphis

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

HighLights

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.
Cap rate of 7.1%.
Tenant has option to extend lease at $2645.09 per month.
Located in Memphis, TN, near Graceland and the National Civil Rights Museum.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.1k	$20.04
− Vacancy	−$9.0k	−$3.21
EGI	$47.1k	$16.83
− OpEx	−$11.8k	−$4.21
NOI	$35.4k	$12.63

2,800 SF · lease $20.04/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$505.0K

$441.9K – $589.2K (±1% cap)

NOI $35,351 @ 7.0% cap · market cap 8.84%

Second Best

Retail

$468.7K

$410.1K – $546.8K (±1% cap)

NOI $32,810 @ 7.0% cap · market cap 8.20%

Theoretical Best

Office A

$686.9K

$601.0K – $801.4K (±1% cap)

NOI $48,083 @ 7.0% cap · market cap 12.02%

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

Property Profile Location Intelligence

Current Use by Public Records

TitleMax Title Loans Loan Service

Suggested Use

Location Insight

Map
Local Demand

City: Memphis
County: Shelby
State: Tennessee
Longitude: -90.0071061
Latitude: 35.0544792

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For sale
Retail space
TN
Memphis
38116
3450 Millbranch Rd

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.

3450 Millbranch Rd, Memphis, TN 38116

Single tenant retail property 100% occupied by Title Max.

Property Features for 3450 Millbranch Rd

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Industrial Building with Office

Memphis Commercial Property For Sale

East Memphis Multifamily Investment Opportunity

Turnkey Duplex with Covered Parking

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

Upper/Lower Duplex with Patios

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