3450 Millbranch RdMemphis, TN 38116

Property Details for 3450 Millbranch Rd

Year built

1972

Lot size

0.18 AC

Property size (Sq ft)

2,800 SF

Zone code

CMU-3

Property type

Retail properties

Property subtype

Retail space

APN

078-006- - -00010

APU

7800600010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $593,050

  6.5%

  $547,431

  7%

  $508,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,086

  Geo Method

  $550,086

• Alternative Use

  Use

  Valuation

  Residential

  $461,779

  Hospitality

  $422,987

  Educational

  $351,920

  Medical

  $364,023

  Retail

  $547,431

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0545

Longitude

-90.0071

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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