Building Details

Tenancy Multi

Listing Agency: Colliers - Memphis, Tennessee

Listed By: Ed Thomas · License #310126 Show Phone

Source: Crexi

Added: Apr 10 Changed: Aug 26 Last Checked: Sep 4 at 6:44PM

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Investment Insights

Based on property information with market context.

This fully occupied retail strip center totals approximately 7,524 square feet and is presented as 100% leased. The property includes nationally recognized tenants such as AT&T and Jackson Hewitt. The site also provides additional storage in the rear.

Located at the southwest corner of Summer Avenue and Mendenhall, the center benefits from signalized ingress and egress. Summer Avenue is described as carrying approximately 30,000 VPD, and Sam Cooper Boulevard is described as carrying approximately 64,000 VPD, running directly behind the property. The remarks also note the site is less than one mile from the I-40/I-240 interchange.

The offering is positioned for buyers seeking a retail asset with established tenancy and convenient access features along heavily traveled corridors.

Key Highlights

• 100% occupied +/- 7,524 SF retail strip center on a 1.2‑acre site
• Southwest corner of Summer Avenue and Mendenhall with signalized ingress/egress
• High traffic counts: Summer Avenue +/- 30K VPD and Sam Cooper Boulevard +/- 64K VPD behind the property

Property Analytics

Property Profile

Current Use

IIC Insurance Agency Guided Solutions (formerly ... Insurance Agency AT&T Store Mobile Phone Store Memphis Replacement Windows Hardware & Home Improvement Window World of Memphis Hardware & Home Improvement

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail 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.

Lease Details

30,000 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

540

Businesses Nearby

168k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Groceries 21% Shops & Services 13% Electronics 2%

Chick-fil-A Dining

45,878 visits/mo 0.4 miles

Aldi Groceries

34,578 visits/mo 0.3 miles

McDonald's Dining

16,734 visits/mo 0.5 miles

Bank of America Shops & Services

14,798 visits/mo 0.3 miles

Chipotle Mexican Grill Dining

14,216 visits/mo 0.3 miles

Demographics for 38122, TN

26,432

Population

10,201

Households

2.6

Avg Household Size

33

Median Age

22%

College-Educated

74%

High-School Grad

6.8 sq mi

ZIP Area

3,887

Density / Sq Mi

$45,456

Median Household Income

$32,760

Median Earnings

$1,127

Median Rent

$108,200

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

Questions? Ask Rey

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What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Fully occupied retail strip center with signalized access and rear storage on a 1.2-acre site.

Where is this strip mall located?

The property is located at 4899 Summer Avenue Memphis, TN.

What are key features of this property?

This property features: 100% occupied +/- 7,524 SF retail strip center on a 1.2‑acre site; Southwest corner of Summer Avenue and Mendenhall with signalized ingress/egress; High traffic counts: Summer Avenue +/- 30K VPD and Sam Cooper Boulevard +/- 64K VPD behind the property