The Shoppes at Wolfchase – Memphis, TN

The Shoppes at Wolfchase – Memphis, TN

The Shoppes at Wolfchase – Memphis, TN
8385 US Highway 64
Memphis, TN 38133

$3,200,000

Cap Rate 5.80%
Gross Leasable Area (GLA) 34,395 Sq.Ft.
Price Per Square Foot (GLA) $93
Year Built 2002
Lot Size 3.12 Acres
  • Located on Pad of Wolfchase Galleria Mall
  • NNN Leases
  • Value Add Opportunity
  • Strategic Location in Dense Retail Shopping District
  • Traffic Counts Exceeding 64,000 Daily
  • National Corporate Credit Bookend Anchors
 
Agree Cancel

Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: The Shoppes at Wolfchase – Memphis, TN (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

The Shoppes at WolfChase Center is a 34,395 square-foot shopping center located in Memphis, Tennessee. It is extremely well-located and shares access with the 1.1 million Square Foot Wolfchase Galleria. With 50% vacancy, it is the ideal shopping center for an investor looking for a value add opportunity.

An incoming investor has the opportunity to acquire a solid asset in a growing market. All of the leases are NNN leaving the owner responsible for nothing but the roof and structure. In addition, the pro rata amount of management expense is being reimbursed by the tenants as part of their CAM.

For More Information, Please Contact:

James Medefind

First Vice President Investments
813-387-4788
james.Medefind@marcusmillichap.com