Listing Agency: Matthews

Listed By: Michael Wolsiefer · License #415376

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 8:22AM

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Investment Insights

Based on property information with market context.

This retail investment property is being offered for sale. The listing includes a stated 7.00% cap rate and references 7,000 SF.

The asset is located at 1427 Airways Blvd in Memphis, Tennessee.

Key Highlights

• Retail property for sale with a stated 7.00% capitalization rate
• 7,000 SF retail building

Property Analytics

Property Profile

Current Use

Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store 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

410

Businesses Nearby

53k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 39% Electronics 6%

McDonald's Dining

19,587 visits/mo 0.4 miles

Burger King Dining

8,132 visits/mo 0.4 miles

Marathon Shops & Services

5,997 visits/mo 0.5 miles

AutoZone Shops & Services

5,338 visits/mo 0.4 miles

Advance Auto Parts Shops & Services

4,962 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

6.5% 2019

6.9% 2020

6.3% 2021

4.9% 2022

5% 2023

5.2% 2024

6.8% 2025

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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 - Retail property offered for sale with a stated 7.00% capitalization rate.

Where is this retail space located?

The property is located at 1427 Airways Blvd Memphis, TN.

What are key features of this property?

This property features: Retail property for sale with a stated 7.00% capitalization rate; 7,000 SF retail building