5339 Elvis Presley Boulevard Memphis, TN 38116
Retail and medical center shadow-anchored by Walmart, Memphis, Tennessee.
Property Features for 5339 Elvis Presley Boulevard
General Information
- Standard status
- Active
- Size
- 19,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office Marcus & Millichap - Memphis
Listing date May 14, 2026
Source Crexi
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 Marcus & Millichap - Memphis
Investment Insights
Based on property information with market context.
Key Highlights
- Walmart Shadow Center Location
- High Cap Rate: 8.00%
- Strong Medical Tenant Base: 70% Medical
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.6k | $18.00 |
| − Vacancy | −$24.2k | −$1.26 |
| EGI | $321.4k | $16.74 |
| − OpEx | −$96.4k | −$5.02 |
| NOI | $225.0k | $11.72 |
