Large-Format Retail
For Sale
Contact for pricing
7951 Winchester Rd, Memphis, TN 38125
Established retail corridor with national tenants and convenient Interstate 385 access.
Property Size49,548 SF
Price / SF$150
Days on Market189
Property Features for 7951 Winchester Rd
General Information
Standard status
Active
Size
49,548 SF
Property subtype
Retail
Building Details
Year Built
2005
Listing Agency:
Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Listed By:
Carson Claybrook · License #TN 314998
(901) 366-6070
Source:
Crexi
Added: Apr 9
Changed: Oct 13
Last Checked: Oct 12 at 7:19PM
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 | Commercial Advisors LLC - Memphis, Tennessee
Investment Insights
Based on property information with market context.
This 49,548 SF retail building at 7951 Winchester Rd was completed in 2005 and formerly operated as an Ashley Homestore. The large-format layout provides an established retail footprint within the Centennial Crossing corridor.
The property sits along Winchester Road near Hacks Cross Road, approximately ±0.5 miles from Interstate 385. Surrounding national retailers include Costco, Lowe’s, PetSmart, Walgreens, and Starbucks, while FedEx World Headquarters is directly across the road. Average household income exceeds $122,000 within five miles, providing clear demographic context for the trade area.
The property sits along Winchester Road near Hacks Cross Road, approximately ±0.5 miles from Interstate 385. Surrounding national retailers include Costco, Lowe’s, PetSmart, Walgreens, and Starbucks, while FedEx World Headquarters is directly across the road. Average household income exceeds $122,000 within five miles, providing clear demographic context for the trade area.
Key Highlights
- 49,548 SF retail building completed in 2005
- Former Ashley Homestore location at 7951 Winchester Rd
- Approximately ±0.5 miles from Interstate 385
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$574,360
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,487,200
$11.5M
Cap Rate 7%
$8,205,143
$8.2M
Cap Rate 9%
$6,381,778
$6.4M
Market Conditions
NOI Build-Up for 49,548 SF
Gross rent
$891.9K $18.00/SF
− Vacancy
−$71.3K −$1.44/SF
EGI
$820.5K $16.56/SF
− OpEx
−$246.2K −$4.97/SF
NOI
$574.4K $11.59/SF
Area
ZIP 38125
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,487,200
Cap Rate 7%
$8,205,143
Cap Rate 9%
$6,381,778
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
514k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 22%
Superstores 21%
Groceries 9%
Costco Wholesale
Superstores
107,482 visits/mo
0.0 miles
Kroger
Groceries
46,014 visits/mo
0.3 miles
Burlington
Apparel
29,809 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
24,781 visits/mo
0.2 miles
Whataburger
Dining
22,721 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail corridor with national tenants and convenient Interstate 385 access.
Where is this retail space located?
The property is located at 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: 49,548 SF retail building completed in 2005; Former Ashley Homestore location at 7951 Winchester Rd; Approximately ±0.5 miles from Interstate 385
