Retail Space in Centennial
For Sale
Contact for pricing
7915-7951 Winchester Rd, Memphis, TN 38125
Retail space within Centennial Crossing, anchored by national tenants including Costco, Lowe's, PetSmart, Walgreens, and Starbucks.
Property Size49,548 SF
Price / SF$150
Days on Market252
Property Features for 7915-7951 Winchester Rd
General Information
Standard status
Active
Size
49,548 SF
Property subtype
RETAIL
Site & Location
Traffic Count
92,182 vehicles/day
Highway Access
Yes
Listing Agency:
Cushman & Wakefield | Phoenix
(602) 253-7900
Listed By:
Carson Claybrook · License #314998
(901) 252-6483
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Jul 27
Last Checked: Jul 31 at 9:41AM
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
Investment Insights
Based on property information with market context.
This retail space is located within Centennial Crossing shopping center, supported by national tenants including Costco, Lowe's, PetSmart, Walgreens, and Starbucks. Household incomes average over $122,000 within a 5-mile radius.
The center is approximately 10.5 miles from Interstate 385 (Bill Morris Parkway), which carries 92,182 VPD. The property is directly across from the FedEx World Headquarters.
The center is approximately 10.5 miles from Interstate 385 (Bill Morris Parkway), which carries 92,182 VPD. The property is directly across from the FedEx World Headquarters.
Key Highlights
- Located in Centennial Crossing shopping center anchored by national tenants including Costco, Lowe's, PetSmart, Walgreens, and Starbucks
- Directly across from the FedEx World Headquarters
- About 0.5 miles from Interstate 385 (Bill Morris Parkway) with 92,182 VPD
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 | $891.9k | $18.00 |
| − Vacancy | −$71.3k | −$1.44 |
| EGI | $820.5k | $16.56 |
| − OpEx | −$246.2k | −$4.97 |
| NOI | $574.4k | $11.59 |
49,548 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.21M
$7.18M – $9.57M
NOI $574,360 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.15M
$11.51M – $15.34M
NOI $920,404 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
92,182 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
618k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 24%
Superstores 17%
Apparel 11%
Costco Wholesale
Superstores
107,482 visits/mo
0.2 miles
Kroger
Groceries
46,014 visits/mo
0.3 miles
Burlington
Apparel
29,809 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
26,695 visits/mo
0.4 miles
Murphy USA
Shops & Services
25,184 visits/mo
0.4 miles
Demographics for 38125, TN
40,970
Population
16,435
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
2,156
Density / Sq Mi
$83,184
Median Household Income
$45,793
Median Earnings
$1,440
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space within Centennial Crossing, anchored by national tenants including Costco, Lowe's, PetSmart, Walgreens, and Starbucks.
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: Located in Centennial Crossing shopping center anchored by national tenants including Costco, Lowe's, PetSmart, Walgreens, and Starbucks; Directly across from the FedEx World Headquarters; About 0.5 miles from Interstate 385 (Bill Morris Parkway) with 92,182 VPD
