Property profile

2946-2962 Covington Pike Memphis Tn Memphis, TN 38134

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional retail opportunity is located at the highly visible, signalized intersection of Stage Road and Covington Pike. The property offers three available spaces ranging in size from 1,275 square feet to 5,300 square feet, providing flexibility for a variety of businesses. The strong tenant mix includes established and reputable businesses such as Dollar General, Devita Dialysis, Caremore Health System, and Goodwill, creating a vibrant and attractive environment for potential tenants. The location boasts excellent ingress and egress, ensuring convenient access for customers and employees. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a thriving commercial area. The multiple spaces available allow for expansion opportunities or the possibility of leasing individual units to suit specific business needs. The property's strategic location at a signalized intersection guarantees maximum exposure to a high volume of daily traffic. This is a rare opportunity to secure retail space in a well-established and successful commercial center. Don't miss out on this chance to establish your business in a prime location with excellent visibility and strong neighboring tenants. Contact us today to learn more about leasing options and availability.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2946-2962 Covington Pike Memphis Tn Memphis, TN 38134
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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