385 & Houston Levee Rd, Collierville, TN 38017
This exceptional mixed-use development in Collierville, Tennessee, presents a unique investment opportunity. Located at the Northwest corner of Highway 385 and Houston Levee Road, this property offers a variety of options for both lease and sale. For lease, there's significant retail space available, including an anchor space of up to 80,000 square feet, a junior anchor space of 25,000 square feet, and approximately 14,000 square feet of smaller shop space divisible down to 1,400 square feet. This provides flexibility for businesses of various sizes. Additionally, 1-2 acre parcels are available for sale, ideally situated along Houston Levee Road, offering excellent visibility and accessibility. The location benefits from high traffic counts, with Highway 385 boasting an AADT of 46,564 and Houston Levee Road registering 12,459. The site enjoys a strategic position just minutes from the FedEx Technology Center and across from Carriage Crossing, ensuring high foot traffic and strong consumer demographics. Furthermore, its proximity (approximately 5 miles) to the new interchange of Highway 385 and Interstate 269, connecting to Interstate 55 in North Mississippi, provides unparalleled regional accessibility. This development offers a compelling blend of retail space and land parcels, making it an attractive proposition for both established businesses and forward-thinking investors seeking a prime location in a thriving community. The property is located in Shelby County, Tennessee, zip code 38017.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.