2926-2938 Lamar Ave Memphis, TN 38114

Listing agency Matthews

Listed by Pierce Mayson · License #GA 306418

Source Crexi

Added: Apr 11 Updated: Jul 22 at 10:28PM Checked: Jul 22 at 10:28PM

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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.

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).

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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

FAQs

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).