Two-Building Shopping
For Sale
Contact for pricing
5261-5299 Mendenhall Park Pl, Memphis, TN 38115
Adjacent retail buildings provide a consolidated commercial asset with short-term WALT and near-term leasing flexibility.
Property Size32,620 SF
Price / SF$49.05
Days on Market132
Property Features for 5261-5299 Mendenhall Park Pl
General Information
Standard status
Active
Size
32,620 SF
Property subtype
Retail
Occupancy
77%
Building Details
Year Built
1984
Year Renovated
1986
Buildings
2
Tenancy
Multi
Listing Agency:
Sands Investment Group Philadelphia
(770) 744-4555
Listed By:
Tom Gorman · License #PA RM424383
Source:
Crexi
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 29 at 1:18PM
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 Philadelphia
Investment Insights
Based on property information with market context.
Mendenhall Park Place is a 32,620-square-foot shopping center comprising two adjacent buildings. Constructed in 1984, the property offers a multi-building retail configuration under a single commercial asset, with short-term WALT supporting near-term leasing flexibility.
The center is located at 5261-5299 Mendenhall Park Place in Memphis, Tennessee. Its two-building layout provides separate structures within the same property, while the existing retail classification supports continued consideration as a shopping center asset. The short-term lease profile may allow ownership to address tenancy and leasing decisions over a relatively near horizon.
The center is located at 5261-5299 Mendenhall Park Place in Memphis, Tennessee. Its two-building layout provides separate structures within the same property, while the existing retail classification supports continued consideration as a shopping center asset. The short-term lease profile may allow ownership to address tenancy and leasing decisions over a relatively near horizon.
Key Highlights
- 32,620‑square‑foot shopping center
- Two adjacent buildings at one commercial property
- Short‑term WALT supports near‑term leasing flexibility
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 25%
Electronics 2%
McDonald's
Dining
18,676 visits/mo
0.4 miles
SONIC Drive In
Dining
8,531 visits/mo
0.3 miles
Burger King
Dining
7,982 visits/mo
0.4 miles
Dollar General
Shops & Services
6,883 visits/mo
0.4 miles
EZPAWN
Shops & Services
3,284 visits/mo
0.5 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
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Similar Off Market Nearby
- AGS-MEM — 3975 Vantech Dr, Memphis, TN 38115
Frequently Asked Questions
What type of property is this?
Shopping center - Adjacent retail buildings provide a consolidated commercial asset with short-term WALT and near-term leasing flexibility.
Where is this shopping center located?
The property is located at 5261-5299 Mendenhall Park Pl Memphis, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 32,620‑square‑foot shopping center; Two adjacent buildings at one commercial property; Short‑term WALT supports near‑term leasing flexibility
