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NNN Ground Lease Parcel
For Sale
$2,250,000

4615 S Houston Levee Rd, Collierville, TN 38017

Absolute net ground lease parcel at the entrance to Carriage Crossing outdoor life center.

Property SizeContact for details
Days on Market49

Property Features for 4615 S Houston Levee Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Memphis - Asset Services
Listed By: Ron Riley · License #274677
Source: Colliers
Added: Jul 26 Changed: Aug 31 Last Checked: Sep 12 at 3:25AM

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 Memphis - Asset Services

Investment Insights

Based on property information with market context.

Colliers International Memphis presents an absolute net ground lease for sale. The property is leased to Sterling, Inc., identified in the offering materials as the parent company for Jared’s Jewelers.

The parcel is positioned at the entrance to Carriage Crossing, an outdoor life center in Collierville, TN. The lifestyle center is owned by Edwards Realty Company and Core Acquisitions.

This is a ground-lease sale structured as a triple-net arrangement, with the tenant relationship described as Sterling, Inc. (parent company for Jared’s Jewelers) in the public remarks provided.

Key Highlights

  • Absolute net ground lease parcel with Sterling, Inc., parent company for Jared’s Jewelers
  • Located at the entrance to Carriage Crossing outdoor lifestyle center in Collierville, TN
  • Carriage Crossing lifestyle center is owned by Edwards Realty Company and Core Acquisitions

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Parking Lot & Garage Law Firm Hair Salon

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

182
Businesses Nearby
245k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 50% Dining 21% Shops & Services 18% Beauty & Spa 10%
Barnes & Noble Shops & Services
40,871 visits/mo 0.4 miles
Dillard's Apparel
38,845 visits/mo 0.4 miles
Ross Dress for Less Apparel
18,772 visits/mo 0.5 miles
Firebirds Wood Fired Grill Dining
16,316 visits/mo 0.3 miles
Sephora Beauty & Spa
12,846 visits/mo 0.5 miles

Demographics for 38017, TN

55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Carriage Crossing Market Place 10263 E Shelby Dr, Collierville, TN 38017
  • Sunglass Hut 4650 Merchants Park Cir #842, Collierville, TN 38017
  • Carriage Crossing 4674 Merchants Park Cir, Collierville, TN 38017

Frequently Asked Questions

What type of property is this?
Shopping center - Absolute net ground lease parcel at the entrance to Carriage Crossing outdoor life center.
Where is this shopping center located?
The property is located at 4615 S Houston Levee Rd Collierville, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Absolute net ground lease parcel with Sterling, Inc., parent company for Jared’s Jewelers; Located at the entrance to Carriage Crossing outdoor lifestyle center in Collierville, TN; Carriage Crossing lifestyle center is owned by Edwards Realty Company and Core Acquisitions
More about this property
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