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Seven-Unit Retail Center
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3972 Jackson Ave, Memphis, TN 38128

Multi-tenant retail property with updated building systems and strong exposure along Jackson Avenue.

Property Size22,100 SF
Days on Market141

Property Features for 3972 Jackson Ave

General Information

Standard status Active
Size 22,100 SF
Property subtype Retail

Financials

Asking Price $1,750,000
Cap Rate 9.5%

Site & Location

Traffic Count 28,000 vehicles/day
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: NAI Saig Company Memphis
Listed By: Brian Califf · License #TN 299669
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 10:33PM

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 NAI Saig Company Memphis

Investment Insights

Based on property information with market context.

This seven-unit retail center contains 22,100 SF of commercial space and is configured for multiple retail occupants. The property has a new roof and HVAC system, providing recently updated core building components.

Located on Jackson Avenue in Memphis, the center receives exposure to approximately 28,000 VPD and offers visibility and access from the corridor. The surrounding area includes residential neighborhoods and a dense Hispanic trade area, supporting demand for culturally relevant businesses.

Key Highlights

  • 7‑unit retail center totaling 22,100 SF
  • New roof and HVAC systems
  • Approximately 28,000 VPD on Jackson Avenue

Property Analytics

Current Use

Boost Mobile Mobile Phone Store Wireless of Memphis Computer & Electronic Repair

Suggested Use

Top Pick Dental Office Spa & Massage Center Hair Salon Pharmacy Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

217
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 86% Electronics 14%
Valero Energy Shops & Services
6,938 visits/mo 0.1 miles
Sunoco Shops & Services
6,208 visits/mo 0.3 miles
O'Reilly Auto Parts Shops & Services
4,997 visits/mo 0.1 miles
AutoZone Shops & Services
4,242 visits/mo 0.1 miles
Boost Mobile Electronics
2,551 visits/mo 0.1 miles

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Multi-tenant retail property with updated building systems and strong exposure along Jackson Avenue.
Where is this strip mall located?
The property is located at 3972 Jackson Ave Memphis, TN.
What are key features of this property?
This property features: 7‑unit retail center totaling 22,100 SF; New roof and HVAC systems; Approximately 28,000 VPD on Jackson Avenue
(901) 526-3100 Call to check price and availability
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