3720 Mendenhall Rd, Memphis, TN 38115-0835
- Strip malls
- 10,800 SF
- 0.96 lot acres
Current Use by Public Records
- Strip malls
Property Details for 3720 Mendenhall Rd
- Year built
- 1979
- Lot size
- 0.96 lot acres
- Zone code
- CMU-1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 093-400- - -00285
- APU
- 9340000285
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 3, 2019 | — | Seven Brothers Properties LLC | Ibrahim,mohammad | Quit Claim Deed · related | — |
| Aug 29, 2012 | $950,000 | Lexington Funding LLC | Mend-am LLC | Warranty Deed · related | — |
| Feb 27, 2012 | — | Aaron Muschel | — | Trustees Deed · related | $1.3M · Gerald Chambers |
| Jan 5, 2007 | $3,220,000 | Mend-am LLC | Joe Poppenheimer Mgmt LLC | Warranty Deed | $2.5M · Merchants & Farmers Bank |
| Sep 14, 2004 | — | Joe Poppenheimer Mgmt LLC | Poppenheimer,joseph | Quit Claim Deed · related | $331k · Regency Savings Bank |
| May 4, 2004 | — | Joe Poppenheimer Mgmt LLC | Poppenheimer,joseph | Quit Claim Deed · related | — |
| — | — | Mend-am LLC | — | Deed Of Trust · related | $2.4M · Sun Life Assurance Co |
Description
This 10,800 square foot multi-tenant storefront property at 3720 S Mendenhall Rd, Memphis, TN 38115, is offered for sale at $650,000. Currently 80% occupied, this value-add retail investment presents a significant opportunity for increased profitability. The property features excellent visibility and ample parking, both in front and behind the center. Its location near Memphis's thriving industrial market and at the intersection of S Mendenhall Road and Winchester Rd ensures high traffic volume. The current lease structure is NNN (Triple Net), with potential for increased income through lease renewals at market rates and conversion of existing leases to traditional NNN terms. The property's strong NOI of $71,666 demonstrates its current financial performance and the potential for future growth. This is an ideal investment for owner-users seeking to capitalize on a prime retail location with significant upside potential. The property is situated in Shelby County and benefits from its proximity to a dynamic industrial sector, further enhancing its investment appeal.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,175,000
- ML approach
- $1,175,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $795,000 Current use
- MEDICAL BUILDING
- $1,545,000 Change: +95% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $960,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $895,000 Change: +13% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $745,000 Change: -6% Conversion: Difficult
- RETAIL STORES
- $710,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8854
- Latitude
- 35.0468
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
