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5940-5992 Mt Moriah Rd
Memphis, TN 38115 Fox Meadows

$1,850,000 USD

Storefront For Sale  •  17,800 SF

Property Details

  • Property Type Storefront
  • Total Building Size 17,800 SF
  • Lot Size 2.31 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 8.17 %
  • Tenancy Multiple
  • Zoning CL
30 Transit Score
60 Walk Score

Highlights

Immediate upside through 2 vacant suites and 2 month-to-month tenants, providing the opportunity to increase occupancy, execute market-rate renewals.
The center is occupied by a complementary mix of daily-needs and neighborhood service tenants, including Asiana Market, Asiana Garden, Sunny Hair Etc.
Positioned on Mt. Moriah Road with 50,000+ VPD, Ridgeway Crossing benefits from a highly visible location less than 1 mile from Walmart Supercenter.
The property serves a robust trade area with over 210,000 residents and an average household income exceeding $103,693 within a 5-mile radius.
With a combination of long-term leases, near-term expirations, and month-to-month tenants, investors have the flexibility to increase rents.
Cap Rate: 8.17 %

Major Tenants

Tenant SF Occupied Lease End Date
745 Cash 1,300 SF 7/31/2026
Asiana Garden Restaurant 4,200 SF 12/31/2027
Asiana Market 2,400 SF 9/30/2028
Bakery Cafe 1,200 SF 2/28/2029
Elite Event Center 1,200 SF 7/31/2026
OTA World 1,200 SF 6/30/2028
Sunny Hair 1,200 SF 7/31/2030
Tax Kings 1,200 SF
The Barbers Zone 1,200 SF

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Memphis International 16 min - 9.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Alexandra Anttila 754-216-1154 Sands Investment Group
Alexandra Anttila 754-216-1154 Sands Investment Group