6990 Shelby Dr Memphis, TN 38125

Property Details for 6990 Shelby Dr

Year built

1989

Lot size

14.70 lot acres

Property size

101,094 SF

Zone code

CMU-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

093-700- - -00443-C

APU

09370000443C

Description

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.8297

Latitude

35.0218

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments