4340 Fayette Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4340 Fayette Rd
1,300 SF Retail Building Memphis, TN 38128 $238,796 CAD ($184 CAD/SF) 7.62% Cap Rate
Investment Highlights
- Great investment location
- Motivated seller
- Long term tenant
Executive Summary
Investment opportunity! Long term tenant is month to month operating a daycare. Property previously used as a dental business; could also be medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. Tenant pays all utilities, licensing, insurance lawn maintenance & interior repairs. Seller pays taxes & liability insurance. Property is in good condition with recent improvements: architectural roof replaced 2018; HVAC replaced 2021; water heater 2024; fresh exterior paint 2024.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$25,284
|
$19.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$25,284
|
$19.45
|
| Taxes |
$2,807
|
$2.16
|
| Operating Expenses |
$3,231
|
$2.49
|
| Total Expenses |
$6,037
|
$4.64
|
| Net Operating Income |
$19,247
|
$14.81
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $25,284 |
| Annual Per SF | $19.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $25,284 |
| Annual Per SF | $19.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,807 |
| Annual Per SF | $2.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,231 |
| Annual Per SF | $2.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,037 |
| Annual Per SF | $4.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $19,247 |
| Annual Per SF | $14.81 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Building Class
C
Year Built/Renovated
1973/2010
Price
$238,796 CAD
Price Per SF
$184 CAD
Cap Rate
7.62%
NOI
$18,205 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
0.16 AC
Zoning
C-H - CMU-3 Commercial mixed use.
Parking
5 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
109 ft on Cela Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- The Growing Patch Learning Academy
- Educational Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| The Growing Patch Learning Academy | Educational Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 08-8005-0-0005 | Total Assessment | $45,763 CAD (2024) |
| Land Assessment | $9,822 CAD (2024) | Annual Taxes | $2,807 CAD ($2.16 CAD/SF) |
| Improvements Assessment | $35,941 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
08-8005-0-0005
Land Assessment
$9,822 CAD (2024)
Improvements Assessment
$35,941 CAD (2024)
Total Assessment
$45,763 CAD (2024)
Annual Taxes
$2,807 CAD ($2.16 CAD/SF)
Tax Year
2023
-
CHERYL BROGDON -
Kaizen Realty
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
4340 Fayette Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.