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Anchored Neighborhood Retail Center
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6990 E Shelby Dr, Memphis, TN 38141

Retail shopping center anchored by Walmart Neighborhood Market, Roses, Rainbow, and Hibbett Sports.

Space Size1,856 SF - 11,900 SF
Days on Market1331

Property Features for 6990 E Shelby Dr

General Information

Standard status Active
Size 1,856 SF - 11,900 SF
Property subtype RETAIL

Spaces For Lease

at 6990 E Shelby Dr Contact us

Shelby Square

Floor
1
Size
5,113 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- High Traffic Shopping Center - 48,000 Intersection AADT - GLA +/- 145,073 SF -...
show more
Contact us

Shelby Square

Floor
1
Size
1,856 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- High Traffic Shopping Center - 48,000 Intersection AADT - GLA +/- 145,073 SF -...
show more
Contact us

Shelby Square

Floor
1
Size
11,900 SF
Type
INDUSTRIAL
Rate
Contact for pricing
Availability
AVAILABLE
Sublease
No
- High Traffic Shopping Center - 48,000 Intersection AADT - GLA +/- 145,073 SF -...
show more
Contact us
Listing Agency: Gator Investments
Listed By: James Goldsmith
Source: Moodyscre
Added: Jan 17, 2023 Changed: Aug 8 Last Checked: Jul 23 at 1:40PM

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 Gator Investments

Investment Insights

Based on property information with market context.

This anchored neighborhood retail shopping center offers approximately 145,073 SF of gross leasable area (GLA +/-). The tenant mix includes Walmart Neighborhood Market, Roses, Rainbow, and Hibbett Sports, providing an established retail environment for incoming tenants.

The center is located at 6990 E Shelby Dr, Memphis, TN 38141, and is described as a high-traffic location with 48,000 intersection AADT. Advance Auto Parts is adjacent to the property, adding to the surrounding daytime retail and shopping draw.

Available space can be positioned to align with the existing tenant lineup and traffic patterns at this anchored retail location on E Shelby Dr.

Key Highlights

  • High‑traffic retail shopping center with +/- 145,073 SF GLA
  • 48,000 intersection AADT (annual average daily traffic)
  • Anchored by Walmart Neighborhood Market, Roses, Rainbow, and Hibbett Sports

Property Analytics

Current Use

Walmart Bakery Bakery Walmart Baby & Nursery ... Social Service Agency Ria Money Transfer ... Bank Coinstar Bank Checkers Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Big Box & Wholesale Store Auto Repair Shop

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby
234k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 33% Groceries 33% Shops & Services 30% Apparel 2%
Walmart Neighborhood Market Groceries
40,860 visits/mo 0.0 miles
Kroger Groceries
35,299 visits/mo 0.3 miles
McDonald's Dining
27,555 visits/mo 0.2 miles
Dollar Tree Shops & Services
14,764 visits/mo 0.3 miles
Roses Discount Store Shops & Services
14,642 visits/mo 0.0 miles

Demographics for 38141, TN

22,333
Population
8,306
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
2,863
Density / Sq Mi
$64,050
Median Household Income
$41,114
Median Earnings
$1,389
Median Rent
$146,100
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail shopping center anchored by Walmart Neighborhood Market, Roses, Rainbow, and Hibbett Sports.
Where is this shopping center located?
The property is located at 6990 E Shelby Dr Memphis, TN.
What are key features of this property?
This property features: High‑traffic retail shopping center with +/- 145,073 SF GLA; 48,000 intersection AADT (annual average daily traffic); Anchored by Walmart Neighborhood Market, Roses, Rainbow, and Hibbett Sports
(305) 949-9049 Call to check price and availability
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