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Shopping Strip

Restaurante Alicia

4284 Winchester Rd, Memphis, TN 38118

Listing Price: $913,000

Cap Rate
10.00%
Gross SF
6,042
Rentable SF
6,042
Price/Gross SF
$151.11
Lot Size
0.70 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present for offer this fully leased convenience market/restaurant located at 4284 Winchester in southeast Memphis.
The property has been completely remodeled in the past year, with 4 new air conditioning units, 2 walk-in coolers and a resurfaced parking lot. Winchester is an active east/west corridor in Memphis with 38,000 VPD at the property site.
The tenant recently signed a new 7 year NNN lease, and will operate the market and the restaurant. They have another restaurant location a few miles west of the location that has been in business for years.

Investment Highlights

  • Completely renovated in past year
  • 4 new air condition units
  • New 7 year NNN lease

Exclusively Listed By

Listing Price: $913,000

Cap Rate
10.00%
Gross SF
6,042
Rentable SF
6,042
Price/Gross SF
$151.11
Lot Size
0.70 acres
Year Built
1990

Investment Highlights

  • Completely renovated in past year
  • 4 new air condition units
  • New 7 year NNN lease

Investment Overview

Marcus & Millichap is pleased to present for offer this fully leased convenience market/restaurant located at 4284 Winchester in southeast Memphis.
The property has been completely remodeled in the past year, with 4 new air conditioning units, 2 walk-in coolers and a resurfaced parking lot. Winchester is an active east/west corridor in Memphis with 38,000 VPD at the property site.
The tenant recently signed a new 7 year NNN lease, and will operate the market and the restaurant. They have another restaurant location a few miles west of the location that has been in business for years.

Exclusively Listed By

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