Retail Strip Center For
For Sale
Contact for pricing
3538-3582 Hickory Hill Rd, Memphis, TN 38115
Multi-tenant retail strip center in Memphis, TN. Value-add opportunity.
Property Size17,194 SF
Lot Size1.40 Acres
Price / SF$85.79
Days on Market206
Property Features for 3538-3582 Hickory Hill Rd
General Information
Standard status
Active
Size
17,194 SF
Total Parking Spaces
77
Lot size
1.40 Acres
Property subtype
Retail
Zoning
CMU-1
Occupancy
35%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
17
Tenancy
Multi
Listing Agency:
Sands Investment Group
(858) 212-7473
Listed By:
Lasha Kortava · License #GA 391027
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 3 at 4:12AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
The Village of Hickory Ridge is a 17,194 square foot multi-tenant retail strip center, constructed in 1984. It is located at 3538–3582 Hickory Hill Road in Memphis, Tennessee, situated on approximately 1.4 acres. The property consists of 17 retail units designed to serve the surrounding neighborhood. The asset is currently 35% occupied.
Key Highlights
- Value‑add opportunity through lease‑up of vacant space.
- 8.68% CAP rate based on current Pro Forma NOI of $164,871.
- Multi‑tenant retail strip center with 17 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 29%
Apparel 10%
Electronics 1%
McDonald's
Dining
21,222 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,986 visits/mo
0.3 miles
AutoZone
Shops & Services
10,578 visits/mo
0.2 miles
Regions Bank
Shops & Services
7,709 visits/mo
0.1 miles
Exxon
Shops & Services
7,248 visits/mo
0.1 miles
Demographics for 38115, TN
40,076
Population
19,179
Households
2.1
Avg Household Size
30
Median Age
14%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
4,660
Density / Sq Mi
$42,931
Median Household Income
$32,997
Median Earnings
$1,129
Median Rent
$129,700
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail strip center in Memphis, TN. Value-add opportunity.
Where is this strip mall located?
The property is located at 3538-3582 Hickory Hill Rd Memphis, TN.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Value‑add opportunity through lease‑up of vacant space.; 8.68% CAP rate based on current Pro Forma NOI of $164,871.; Multi‑tenant retail strip center with 17 units.
