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    Retail Space in Centennial Crossing Title is generated by Realmo AI

    7915-7951 Winchester Rd, Memphis, TN

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    Retail property for sale in a high-income area.

    Type:RETAIL
    Property size:
    49,548 SF
    Lot size:
    12.21 Acres
    Price / SF:
    $150/SF
    Added:
    Nov 21, 2025
    Days on Market:
    200
    Last Refresh:
    May 20 at 8:51 pm

    Property Features for 7915-7951 Winchester Rd

    General Information

    Standard status
    Active
    Size
    49,548 SF
    Lot size
    12.21 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 7915-7951 Winchester Rd Contact us

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    Listing Contact
    Shane Carter
    Shane Carter

    Listing agent Carson Claybrook License #314998

    Listing office Cushman & Wakefield | Phoenix

    Listing date Nov 21, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Phoenix

    HighLights

    • Directly across from the FedEx World Headquarters
    • Located in Centennial Crossing shopping center with national tenants
    • ±0.5 miles from Interstate 385 (Bill Morris Parkway) with 92,182 VPD
    • High average household incomes over $122,000 in a 5 mile radius

    Overview

    This retail property is located within the Centennial Crossing shopping center, which features national tenants such as Costco, Lowe's, PetSmart, Walgreens, and Starbucks. The average household income in a 5-mile radius exceeds $122,000. The property is situated approximately 0.5 miles from Interstate 385 (Bill Morris Parkway), which has a traffic volume of 92,182 vehicles per day. It is also located directly across from the FedEx World Headquarters. The property encompasses approximately 49,548 square feet.

    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 $743.2k $15.00
    − Vacancy −$37.2k −$0.75
    EGI $706.1k $14.25
    − OpEx −$211.8k −$4.27
    NOI $494.2k $9.98
    49,548 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $7.06M
    $6.18M – $8.24M (±1% cap)
    NOI $494,241 @ 7.0% cap · market cap 6.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $14.64M
    $12.81M – $17.08M (±1% cap)
    NOI $1,025,049 @ 7.0% cap · market cap 13.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Centennial Commons — Memphis, TN 38119
    • US Foodservice — Foodservice, Memphis, TN 38125
    • Centennial Court — 7670 Winchester Rd, Memphis, TN 38125
    • SolarHye — 7960 Winchester Rd, Memphis, TN 38125
    • Coinstar — 7942 Winchester Rd, Memphis, TN 38125

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8
    Latitude
    35.0462

    FAQs

    What type of property is this?
    Shopping center - Retail property for sale in a high-income area.
    Where is this shopping center located?
    The property is located at 7915-7951 Winchester Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $7,432,200.
    What are key features of this property?
    This property features: Directly across from the FedEx World Headquarters; Located in Centennial Crossing shopping center with national tenants; ±0.5 miles from Interstate 385 (Bill Morris Parkway) with 92,182 VPD
    (602) 954-9000 Call to check price and availability
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