Multi-Suite Shopping
For Sale
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5940 Mount Moriah Road, Memphis, TN 38115
Retail center with available suites and month-to-month tenancy.
Property Size17,800 SF
Price / SF$103.93
Days on Market34
Property Features for 5940 Mount Moriah Road
General Information
Standard status
Active
Size
17,800 SF
Property subtype
Retail
Occupancy
84%
Lease Type
Modified Gross
Net Operating Income
$151,121
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Sands Investment Group
Listed By:
Max Freedman · License #TX 644481
Source:
Crexi
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 11:11PM
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
Investment Insights
Based on property information with market context.
Ridgeway Crossing is a 17,800-square-foot shopping center completed in 1990. The property includes multiple retail suites, with two currently vacant and two occupied under month-to-month arrangements.
The center is located at 5940–5992 Mount Moriah Road in Memphis, Tennessee 38115. Its existing suite mix combines available space with short-term tenant occupancy, providing a varied leasing profile within the retail property.
The center is located at 5940–5992 Mount Moriah Road in Memphis, Tennessee 38115. Its existing suite mix combines available space with short-term tenant occupancy, providing a varied leasing profile within the retail property.
Key Highlights
- 17,800‑square‑foot shopping center
- Two vacant retail suites
- Two month‑to‑month tenants
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Dining 27%
Shops & Services 21%
Walmart Neighborhood Market
Groceries
40,427 visits/mo
0.2 miles
Checkers
Dining
9,483 visits/mo
0.1 miles
Circle K
Shops & Services
8,648 visits/mo
0.4 miles
Burger King
Dining
8,116 visits/mo
0.3 miles
Exxon
Shops & Services
6,110 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with available suites and month-to-month tenancy.
Where is this shopping center located?
The property is located at 5940 Mount Moriah Road Memphis, TN.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 17,800‑square‑foot shopping center; Two vacant retail suites; Two month‑to‑month tenants
