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


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.