Neighborhood Retail
For Sale
Contact for pricing
Pending
2938 Lamar Ave, Memphis, TN 38114
Multi-tenant shopping center featuring national discount retailers, leased space, and an adjacent buildable in-line pad.
Property Size64,806 SF
Days on Market143
Property Features for 2938 Lamar Ave
General Information
Standard status
Pending
Size
64,806 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Dollar Tree, Citi Trends, Shoe Show, Madrag, Rainbow
Building Details
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Kyle Stonis · License #FL SL3210522
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 5:38AM
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 shopping center with a roster of national low-cost retailers, including Dollar Tree, Citi Trends, Shoe Show, Madrag, and Rainbow. A new 10-year lease with Madrag runs through 2033 and covers more than 8,500± SF. The center also includes 6,959± SF of available space and a buildable in-line pad adjacent to Dollar Tree.
The property is located at 2938 Lamar Ave in Memphis, Tennessee. Memphis serves as a regional center for healthcare, education, logistics, and commerce, with corporate headquarters for FedEx, International Paper, and AutoZone. The city is also home to the country’s 5th largest inland port and the headquarters of St. Jude Children’s Research Hospital.
The property is located at 2938 Lamar Ave in Memphis, Tennessee. Memphis serves as a regional center for healthcare, education, logistics, and commerce, with corporate headquarters for FedEx, International Paper, and AutoZone. The city is also home to the country’s 5th largest inland port and the headquarters of St. Jude Children’s Research Hospital.
Key Highlights
- 64,806± SF neighborhood retail center
- National retailer roster includes Dollar Tree, Citi Trends, Shoe Show, Madrag, and Rainbow
- New 10‑year Madrag lease through 2033 covering more than 8,500± SF
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Multi-tenant shopping center featuring national discount retailers, leased space, and an adjacent buildable in-line pad.
Where is this shopping center located?
The property is located at 2938 Lamar Ave Memphis, TN.
What are key features of this property?
This property features: 64,806± SF neighborhood retail center; National retailer roster includes Dollar Tree, Citi Trends, Shoe Show, Madrag, and Rainbow; New 10‑year Madrag lease through 2033 covering more than 8,500± SF
