Listing Agency: Market Street Retail Advisors Show Phone

Listed By: Harrison Truex · License #TN 281101

Source: Crexi

Added: Apr 11 Changed: Jul 21 Last Checked: Jul 22 at 2:27PM

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Investment Insights

Based on property information with market context.

This for-sale retail investment property is presented with an 8.95% cap rate and totals 87,620 SF.

The property is located at 5143 Quince Rd in Memphis, TN 38117. The listing’s available materials focus on the retail asset size and the stated cap rate as key investment highlights.

Key Highlights

• Retail asset offering an 8.95% cap rate
• 87,620 SF of retail space

Property Analytics

Current Use

East Memphis Ace ... Building Supply Memphis Ace Hardware Building Supply Stewart Brothers Ace ... Hardware & Home Improvement

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Kitchen & Bath Showroom Restaurant Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

184

Businesses Nearby

36k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 92% Electronics 8%

Family Dollar Shops & Services

17,723 visits/mo 0.4 miles

Dollar Tree Shops & Services

10,547 visits/mo 0.4 miles

BP Shops & Services

4,934 visits/mo 0.4 miles

Metro by T-Mobile Electronics

3,065 visits/mo 0.3 miles

Demographics for 38117, TN

27,138

Population

12,045

Households

2.3

Avg Household Size

40

Median Age

60%

College-Educated

95%

High-School Grad

9.4 sq mi

ZIP Area

2,887

Density / Sq Mi

$93,688

Median Household Income

$52,596

Median Earnings

$1,353

Median Rent

$287,500

Median Home Value

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019

6.9% 2020

6.3% 2021

4.9% 2022

5% 2023

5.2% 2024

6.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - For sale retail asset offering an 8.95% cap rate and 87,620 SF of space.

Where is this retail space located?

The property is located at 5143 Quince Rd Memphis, TN.

What are key features of this property?

This property features: Retail asset offering an 8.95% cap rate; 87,620 SF of retail space