Listings / PARKWAY VILLAGE WEST

PARKWAY VILLAGE WEST 3071-3149 S Perkins Road, Memphis, TN 38118

Price $6,500,000

Cap Rate 9.50%

NOI $616,811

Price Per SF $44

Leasable Area 147,520 SF

Occupancy 79.3%

Status available

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Broker of Record
Kyle Matthews
License No. 263667 (TN)
Matthews Retail Group, Inc.
841 Apollo Street, Suite 150, El Segundo, CA 90245
(310) 919-5757

OFFERING SUMMARY

Matthews Real Estate Investment Services is proud to offer to qualified buyers the rare opportunity to acquire a value-add grocery anchored center located in the heart of Memphis, TN.

Parkway Village West consists of 174,520 square feet and features a grocery anchor that operates at an incredible 1.63% occupancy cost. The offering provides an investor the opportunity to acquire a high-yield, low price per square foot investment, with substantial upside through the lease-up of existing vacancy.

The property is being delivered free and clear of debt and investors will have the opportunity to place attractive financing on the property and achieve above average returns.

INVESTMENT HIGHLIGHTS