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American Freight

7859 US-64, Memphis, TN 38133

Listing Price: $3,749,000

Cap Rate
6.55%
Gross SF
71,726
Rentable SF
71,726
Price/Gross SF
$52.27
Lot Size
2.79 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present 7859 US Highway 64, a two-tenant 71,726 squarefoot retail building located on a main retail corridor in Memphis, Tennessee. The property has been occupied by American Freight since 2014 (55%), a 300+ retail furniture chain operated by The Franchise Group (NASDAQ: FRG) a $1.4B valued company, and Memphis Judo & Jiu-Jitsu (34%) since 2011. The property is in impeccable condition and sits on 2.79 prime acres surrounded by notable tenants such as Home Depot, WalMart Supercenter, St. Francis Hospital, Best Western, Haverty’s Furniture, Dave & Buster’s, Wolfchase Honda, Sam’s Club, Costco, IKEA, and many more. There is significant immediate upside as American Freight as been using 8,914 SF free or charge which can easily be sectioned off and rented to a third party. The Jiu-Jitsu tenant is on a month-to-month lease that can either be increased or re-tenanted. 7859 US-64 Memphis, Tennessee offers an investor to acquire a easy to manage asset in a high barrier of entry market at below replacement cost and significant upside.

Investment Highlights

  • Long Term Tenants at Well Below Market Rent
  • Huge Immediate upside. Below Replacement Cost-$52.56 PSF
  • Main Retail Corridor in the Marketplace

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Shopping Community

American Freight

Listing Price: $3,749,000

Cap Rate
6.55%
Gross SF
71,726
Rentable SF
71,726
Price/Gross SF
$52.27
Lot Size
2.79 acres
Year Built
1998

Investment Highlights

  • Long Term Tenants at Well Below Market Rent
  • Huge Immediate upside. Below Replacement Cost-$52.56 PSF
  • Main Retail Corridor in the Marketplace

Investment Overview

Marcus & Millichap is pleased to present 7859 US Highway 64, a two-tenant 71,726 squarefoot retail building located on a main retail corridor in Memphis, Tennessee. The property has been occupied by American Freight since 2014 (55%), a 300+ retail furniture chain operated by The Franchise Group (NASDAQ: FRG) a $1.4B valued company, and Memphis Judo & Jiu-Jitsu (34%) since 2011. The property is in impeccable condition and sits on 2.79 prime acres surrounded by notable tenants such as Home Depot, WalMart Supercenter, St. Francis Hospital, Best Western, Haverty’s Furniture, Dave & Buster’s, Wolfchase Honda, Sam’s Club, Costco, IKEA, and many more. There is significant immediate upside as American Freight as been using 8,914 SF free or charge which can easily be sectioned off and rented to a third party. The Jiu-Jitsu tenant is on a month-to-month lease that can either be increased or re-tenanted. 7859 US-64 Memphis, Tennessee offers an investor to acquire a easy to manage asset in a high barrier of entry market at below replacement cost and significant upside.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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