Single-Tenant Retail
For Sale
Contact for pricing
1249 E Shelby Dr, Memphis, TN 38116
Brand-new 2024 Foot Locker-spec relocation storefront offered on an NNN lease with landlord responsibility limited to roof/structure.
Property SizeContact for details
Days on Market108
Property Features for 1249 E Shelby Dr
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
17,000 vehicles/day
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 22 at 8:00PM
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 Anchor Point Capital
Investment Insights
Based on property information with market context.
This brand-new 2024 retail storefront was built to Foot Locker specifications as a relocation store and is delivered with warranties. The property is leased under a new 10-year NNN lease structure with 9 years remaining on the primary term, and landlord responsibilities are described as minimal, with the landlord responsible for roof/structure. Lease terms also call for 10% rent increases every 5 years. The lease is supported by a corporate guaranty by Foot Locker, Inc., and the asset is presented as an excellent single-tenant investment opportunity.
The property is located at 1249 E Shelby Dr in Memphis, TN, as an outparcel to Southland Mall (290,513 SF regional mall) and adjacent to a Kroger-anchored center. The immediate market is described as dense infill, with 136,000+ people within a 5-mile radius and traffic counts exceeding 17,000 cars per day at Shelby Drive. The remarks also note Foot Locker operates 2,400+ locations and that Foot Locker was recently acquired by Dicks Sports Goods (NYSE: DKS) in a $2.4B acquisition.
The property is located at 1249 E Shelby Dr in Memphis, TN, as an outparcel to Southland Mall (290,513 SF regional mall) and adjacent to a Kroger-anchored center. The immediate market is described as dense infill, with 136,000+ people within a 5-mile radius and traffic counts exceeding 17,000 cars per day at Shelby Drive. The remarks also note Foot Locker operates 2,400+ locations and that Foot Locker was recently acquired by Dicks Sports Goods (NYSE: DKS) in a $2.4B acquisition.
Key Highlights
- Brand‑new 2024 construction built to Foot Locker‑spec relocation storefront requirements.
- 10‑year lease with 9 years remaining on the primary term.
- NNN lease structure with minimal landlord responsibilities; landlord responsible for roof/structure.
Property Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
McDonald's
Dining
28,753 visits/mo
0.3 miles
Burger King
Dining
13,386 visits/mo
0.3 miles
Family Dollar
Shops & Services
9,942 visits/mo
0.3 miles
Marathon
Shops & Services
9,434 visits/mo
0.3 miles
Dollar General
Shops & Services
8,766 visits/mo
0.3 miles
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
NNN property - Brand-new 2024 Foot Locker-spec relocation storefront offered on an NNN lease with landlord responsibility limited to roof/structure.
Where is this nnn property located?
The property is located at 1249 E Shelby Dr Memphis, TN.
What are key features of this property?
This property features: Brand‑new 2024 construction built to Foot Locker‑spec relocation storefront requirements.; 10‑year lease with 9 years remaining on the primary term.; NNN lease structure with minimal landlord responsibilities; landlord responsible for roof/structure.
