Listing Agency: TSCG - The Shopping Center Group s***@tscg.com Show Phone

Listed By: Shawn Massey, CCIM, CRRP, ALC · License #TN-40630

Source: Crexi

Added: May 14, 2022 Changed: Aug 8 Last Checked: May 12 at 9:13PM

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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 TSCG - The Shopping Center Group

Investment Insights

Based on property information with market context.

This commercial real estate property, identified as retail space, is available for sale. The property offers a total size of 5762 square feet.

Key Highlights

• No property information was provided to extract selling points.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Restaurant Auto Repair Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

417

Businesses Nearby

164k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 33% Home Improvements & Furnishings 22% Shops & Services 21% Dining 19%

The Home Depot Home Improvements & Furnishings

33,732 visits/mo 0.3 miles

Marshalls Apparel

33,197 visits/mo 0.2 miles

Burlington Apparel

21,086 visits/mo 0.3 miles

Circle K Shops & Services

16,340 visits/mo 0.3 miles

Taco Bell Dining

15,382 visits/mo 0.1 miles

Demographics for 38128, TN

43,197

Population

18,388

Households

2.3

Avg Household Size

32

Median Age

15%

College-Educated

85%

High-School Grad

23.6 sq mi

ZIP Area

1,830

Density / Sq Mi

$43,166

Median Household Income

$32,429

Median Earnings

$1,150

Median Rent

$123,900

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for purchase.

Where is this retail space located?

The property is located at 3081 Covington Pike Memphis, TN.

What are key features of this property?

This property features: No property information was provided to extract selling points.