Neighborhood Retail Center with 3,228
For Sale
Contact for pricing
Pending
2926-2938 Lamar Ave, Memphis, TN 38114
Lamar Crossing is a neighborhood retail center anchored by Dollar Tree and Citi Trends with available space for lease-up.
Property SizeContact for details
Days on Market132
Property Features for 2926-2938 Lamar Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Matthews
Listed By:
Pierce Mayson · License #GA 306418
Source:
Crexi
Added: Apr 11
Changed: Aug 15
Last Checked: Aug 18 at 5:29PM
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 Matthews
Investment Insights
Based on property information with market context.
Lamar Crossing is a 64,806± SF neighborhood retail center presented for sale and anchored by Dollar Tree and Citi Trends. The tenant lineup also includes Shoe Show, Rainbow, and Madrag. Dollar Tree has renewed through 2028, and Madrag recently signed a new 10-year lease. The center has recently completed capital improvements, including a parking lot seal and stripe completed in February 2023. Approximately 8,159± SF of space is currently available, representing over 10% of the total GLA.
The property is well situated with frontage along Lamar Ave (US-78), supporting approximately 3,228 VPD, and provides connections to I-240, the airport, and greater southeast Memphis.
Demographic support for the trade area is provided with 217,854 people within a 5-mile radius and an average HH income of $76,443. The current tenant occupancy is approximately 72.9% of national retail tenants, reflecting ongoing leasing momentum and room for improvement through lease-up of the available space.
The property is well situated with frontage along Lamar Ave (US-78), supporting approximately 3,228 VPD, and provides connections to I-240, the airport, and greater southeast Memphis.
Demographic support for the trade area is provided with 217,854 people within a 5-mile radius and an average HH income of $76,443. The current tenant occupancy is approximately 72.9% of national retail tenants, reflecting ongoing leasing momentum and room for improvement through lease-up of the available space.
Key Highlights
- 64,806± SF neighborhood retail center in Memphis, TN at 2926–2938 Lamar Ave (US‑78).
- Anchored by Dollar Tree and Citi Trends; Dollar Tree renewed through 2028.
- Includes national retailers: Shoe Show, Rainbow, and Madrag (new 10‑year lease).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Apparel 20%
Electronics 3%
Dining 2%
BP
Shops & Services
11,145 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,683 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,114 visits/mo
0.1 miles
Dollar General
Shops & Services
6,755 visits/mo
0.2 miles
Regions Bank
Shops & Services
5,970 visits/mo
0.5 miles
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Lamar Crossing — 2932 Lamar Ave, Memphis, TN 38114
- Tripper's Lamar Village — 2748 Lamar Ave #4316, Memphis, TN 38114
Frequently Asked Questions
What type of property is this?
Shopping center - Lamar Crossing is a neighborhood retail center anchored by Dollar Tree and Citi Trends with available space for lease-up.
Where is this shopping center located?
The property is located at 2926-2938 Lamar Ave Memphis, TN.
What are key features of this property?
This property features: 64,806± SF neighborhood retail center in Memphis, TN at 2926–2938 Lamar Ave (US‑78).; Anchored by Dollar Tree and Citi Trends; Dollar Tree renewed through 2028.; Includes national retailers: Shoe Show, Rainbow, and Madrag (new 10‑year lease).
