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Retail Investment Property
For Sale
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4015 Austin Peay Hwy, Memphis, TN 38128

For sale retail asset offered with a stated 5.75% cap rate and 14,490 SF.

Property Size14,490 SF
Days on Market144

Property Features for 4015 Austin Peay Hwy

General Information

Standard status Active
Size 14,490 SF
Property subtype Retail

Additional Details

Cap Rate 5.75%
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Michael A Cardone · License #NY 10401311477
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 5:47PM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

This for-sale retail investment property is presented with a stated 5.75% cap rate. The offering includes a total building area of 14,490 SF.

The property is located at 4015 Austin Peay Hwy in Memphis, TN 38128.

Ideal for buyers evaluating retail income characteristics based on the provided cap rate, the property’s disclosed configuration is limited to the retail use and overall size listed in the remarks.

Key Highlights

  • Retail asset for sale with a stated 5.75% cap rate
  • Building size: 14,490 SF

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Walgreens Pharmacy Pharmacy COVID-19 Drive-thru Testing ... Pharmacy Redbox Cinema

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Spa & Massage Center Auto Repair Shop Restaurant

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

515
Businesses Nearby
230k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 38% Shops & Services 25% Dining 16% Groceries 15%
Walmart Superstores
87,439 visits/mo 0.3 miles
Kroger Groceries
33,786 visits/mo 0.4 miles
Dollar Tree Shops & Services
18,014 visits/mo 0.4 miles
Burger King Dining
16,487 visits/mo 0.2 miles
Wendy's Dining
14,935 visits/mo 0.2 miles

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For sale retail asset offered with a stated 5.75% cap rate and 14,490 SF.
Where is this retail space located?
The property is located at 4015 Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Retail asset for sale with a stated 5.75% cap rate; Building size: 14,490 SF
More about this property
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