Multi-Tenant Shopping
For Sale
Contact for pricing
Pending
115 W US HWY 72, Collierville, TN 38017
Established retail center with multiple individual tenants and GC zoning.
Property Size26,980 SF
Days on Market100
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Property Features for 115 W US HWY 72
General Information
Standard status
Pending
Size
26,980 SF
Property subtype
Retail
Zoning
GC
Occupancy
100%
Net Operating Income
$160,000
Financials
Asking Price
$1,800,000
Cap Rate
8.89%
Gross Income
$217,000
Building Details
Year Built
1967
Year Renovated
2008
Stories
1
Units
13
Tenancy
Multi
Listing Agency:
John Green & Company
Listed By:
Jim Gannaway · License #TN 295567
(901) 853-0763
Source:
Crexi
Added: Jul 8
Changed: Oct 3
Last Checked: Oct 14 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Green & Company
Investment Insights
Based on property information with market context.
This shopping center contains 26,980 square feet and was constructed in 1967. The property is configured for 14 individual retail tenants, creating a multi-suite commercial layout with a range of existing occupants. Zoning is designated GC.
Most tenants occupy 1-3 year lease terms, while many have maintained occupancy for several years. The property generates an 8.89% cap rate, providing a concise measure of its current operating performance.
Most tenants occupy 1-3 year lease terms, while many have maintained occupancy for several years. The property generates an 8.89% cap rate, providing a concise measure of its current operating performance.
Key Highlights
- 26,980‑square‑foot shopping center built in 1967
- 14 individual tenants within the retail property
- GC zoning designation
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
9,053 visits/mo
0.3 miles
Shell
Shops & Services
6,866 visits/mo
0.2 miles
Demographics for 38017, TN
55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with multiple individual tenants and GC zoning.
Where is this shopping center located?
The property is located at 115 W US HWY 72 Collierville, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 26,980‑square‑foot shopping center built in 1967; 14 individual tenants within the retail property; GC zoning designation
