7825 Winchester Rd Memphis, TN 38125
- Strip malls
- 11,848 SF
- 3.02 lot acres
Current Use by Public Records
- Kingdom Kids Hair Palace / Beauty Salon
- Mid South Vapors - Memphis / Vaporizer Store
- Sparkes Vivien / Insurance Agency
- OneMain Financial / Loan Agency
- Great Scentsations / Candle Store
Property Details for 7825 Winchester Rd
- Year built
- 2003
- Lot size
- 3.02 lot acres
- Property size
- 11,848 SF
- Zone code
- R-8
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 081-084- - -00008
- APU
- 8108400008
Description
Centennial Village, a Class A, single-story retail strip center totaling 43,673 square feet, presents a unique investment opportunity in Memphis, Tennessee. Built in 2001, this established center boasts a prime location at 7825 Winchester Rd, conveniently situated just half a mile west of FedEx Headquarters, providing access to a substantial workforce of 3,200 employees. The property features multiple tenancies, with three spaces currently available, ranging from 1,528 to 5,600 square feet. Strong anchor tenants include popular local restaurants Half Shell and Huey's, alongside established businesses such as Party Works, One Main Financial, Centennial Dental Group, and T Nails. The center benefits from excellent visibility and accessibility, with easy access from Highway 385 and Winchester Road. Furthermore, Centennial Village enjoys proximity to several national retailers, including Best Buy, Marshall's, J C Penney, and Dick's Sporting Goods, creating a synergistic retail environment and high foot traffic. Located in Shelby County, this property offers a compelling opportunity for businesses seeking a thriving retail location in a well-established and high-demand area of Memphis, zip code 38125. The property's address is 7825 Winchester Rd, Memphis, TN, and its cross street is Centennial Drive.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,585,000
- 6.5%
- $6,650,000
- 7%
- $7,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,415,000
- Geo Method
- $7,510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,860,000
- Retail
- $6,010,000
- Mixed-Use
- $6,935,000
- Hospitality
- $6,380,000
- Educational
- $8,040,000
- Residential Income
- $7,570,000
- Energy
- $6,095,000
- Income-Based Land
- $6,530,000
- Food Service
- $7,175,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8025
- Latitude
- 35.0485
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
