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    6990 Shelby Dr Memphis, TN 38125

    Sponsored
    For Lease
    Contact for pricing

    High-traffic shopping center with available space

    Lot size:
    145,073 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Shelby Square, a 145,073 square foot shopping center in Memphis, Tennessee, presents a compelling investment opportunity. This multi-tenant retail property boasts a prime location at the intersection of East Shelby Drive and Riverdale Road in Southeast Memphis, just north of the Mississippi state line, within Shelby County, zip code 38125. The center features a strong tenant mix, anchored by prominent national retailers including Walmart Neighborhood Market, Roses Discount Store, Rainbow, Advance Auto Parts, and Hibbett Sports. Additional national tenants include Checkers, DaVita, Cricket Wireless, and Jackson Hewitt. Currently, there are four spaces available, ranging from a minimum of 1,160 square feet to a maximum contiguous space of 11,900 square feet. A total of 19,373 square feet is currently vacant, offering significant potential for expansion or new tenant acquisition. The property sits on a substantial 145,073 square foot lot, providing ample space and visibility. This well-established shopping center benefits from high traffic counts and a strong local customer base, making it an attractive option for both established businesses and new ventures seeking a strategic location in a thriving retail market. The property's size and tenant diversity offer a stable income stream and significant upside potential for future growth. This is an exceptional opportunity to acquire a well-positioned retail asset in a rapidly developing area of Memphis.

    Property Features for 6990 Shelby Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    145,073 SF

    Unit(s) available at that property

    Space
    6
    Size
    1,866 SF
    Space
    Suite 2B
    Size
    11,900 SF
    Space
    15A
    Size
    1,856 SF
    Space
    Space: 16
    Size
    5,113 SF

    HighLights

    • Walmart‑anchored neighborhood center with Roses, Rainbow, and Hibbett Sports.
    • High traffic count of 31,000 AADT.
    • 144,016 square feet of gross leasable area (GLA).
    Property Profile Location Intelligence

    Current Use by Public Records

    Walmart Bakery Bakery Walmart Baby & Nursery ... Family Service Center Ria Money Transfer ... Money Transfer Service Coinstar Money Transfer Service Checkers Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7849127
    Latitude
    35.0276125

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center with available space
    Where is this lifestyle center located?
    The property is located at 6990 Shelby Dr Memphis, TN.
    What are key features of this property?
    This property features: Walmart-anchored neighborhood center with Roses, Rainbow, and Hibbett Sports.; High traffic count of 31,000 AADT.; 144,016 square feet of gross leasable area (GLA).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6990 Shelby Dr Memphis, TN 38125
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