Shopping Strip
Shelby Crossing Phase II (Bass Pro Shadow Center)
6100 Macon Rd, Memphis, TN 38122
Listing Price: $4,020,000
Cap Rate
8.00%
Gross SF
32,090
Rentable SF
32,090
Price/Gross SF
$125.27
Lot Size
3.24 acres
Year Built
1988
Investment Overview
Marcus & Millichap is pleased to present for sale Shelby Crossing Phase II (Bass Pro Shop shadow center). This 32,900 square foot multi-tenant strip center is 92% leased by a diverse tenant mix with good term remaining on the leases.
Shelby Crossing Phase II (Bass Pro Shadow Center)
Investment Highlights
- Multi-tenant retail strip center shadowed by Bass Pro Shop located at the southeast quadrant of I-40 (174,000 vpd) interchange with Sycamore View (44,000 vpd).
- The property is 92% leased with no tenant leases expiring prior to 2024. Stable tenant mix with a long track record of success in this location.
- Great visibility including pylon sign easily seen from I-40
- Vacancy backfill and $10,900 rental increase in January 2023 provide income upside in near future.
Exclusively Listed By
Listing Price: $4,020,000
Cap Rate
8.00%
Gross SF
32,090
Rentable SF
32,090
Price/Gross SF
$125.27
Lot Size
3.24 acres
Year Built
1988
Investment Highlights
- Multi-tenant retail strip center shadowed by Bass Pro Shop located at the southeast quadrant of I-40 (174,000 vpd) interchange with Sycamore View (44,000 vpd).
- The property is 92% leased with no tenant leases expiring prior to 2024. Stable tenant mix with a long track record of success in this location.
- Great visibility including pylon sign easily seen from I-40
- Vacancy backfill and $10,900 rental increase in January 2023 provide income upside in near future.
Investment Overview
Marcus & Millichap is pleased to present for sale Shelby Crossing Phase II (Bass Pro Shop shadow center). This 32,900 square foot multi-tenant strip center is 92% leased by a diverse tenant mix with good term remaining on the leases.
Exclusively Listed By
