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This Retail Property is no longer advertised on LoopNet.ca.

3586 Riverdale
Memphis, TN 38115

Smoothie King · Retail Property For Sale

Investment Highlights

  • Attractive Low Rent – Low rents providing potential upside by raising rents in the future.
  • Annual Rent Increases – The lease provides 2.00% annual rent increases, providing an investor with quickly growing cash flow and future value
  • Located only minutes from the Memphis International Airport, next to many national tenants such as Home Depot, Chick-Fil-A and more
  • Tax Benefits – Tennessee is a highly sought-after income tax-free state, increasing overall return for qualifying investors (Consult with your CPA)
  • Prime Retail Location – The property sits in prime dense location, between being off busy Interstate 385

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,768 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.39 AC
Zoning
AG
Parking
40 Spaces (22.62 Spaces per 1,000 SF Leased)
Frontage
93 ft on Riverdale Rd

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-3500-0-0593
Land Assessment
$67,095
Improvements Assessment
$218,345
Total Assessment
$285,439
  • Listing ID: 28752724

  • Date on Market: 2023-06-14

  • Last Updated:

  • Address: 3586 Riverdale, Memphis, TN 38115

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