4202 Hacks Cross Rd, Memphis, TN 38125-3757

Hacks Cross Plaza, a 31,861 square foot shopping center in Memphis, Tennessee, presents a compelling investment opportunity. This fee-simple property boasts 100% occupancy with a diverse roster of 10 tenants, including nationally recognized brands like Family Dollar, QuickCash Taxes, Kumon, and Staffmark. Built in 2008, the single-story building sits on a 4.88-acre lot and offers a Net Operating Income (NOI) of $462,446, resulting in a 7.17% capitalization rate. The asking price is $6,450,378, translating to $202.45 per square foot. The property benefits from a strong local demographic, with over 154,000 people residing within a five-mile radius, showcasing an 18.82% population growth from 2010 to 2021. Its strategic location on Hacks Cross Road, experiencing 38,768 vehicles daily, and proximity to Bill Morris Parkway (51,902 vehicles daily) ensures high visibility and accessibility. The presence of numerous national brands nearby, including Popeyes, Krispy Kreme, Nissan, Honda, and Cracker Barrel, further enhances the property's appeal and potential for increased foot traffic. This net-lease investment offers a credit-rated tenant base, providing stability and security for investors. The property's size and tenant mix provide a diversified income stream.