875 Poplar Ave Collierville, TN 38017
- Strip malls
- 13,770 SF
- 7.21 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Restaurant / Pizza Takeout
- Galella, Steve A DDS / Dentist
- Flat Hat American Ale / Wholesaler
- Dr. Perrin L. Jones Jr, DDS / Dentist
- Supercuts / Waxing Hair Removal Service / Beauty Salon
Property Details for 875 Poplar Ave
- Year built
- 1994
- Lot size
- 7.21 lot acres
- Property size
- 13,770 SF
- Zone code
- GC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- C02-44 - -A-00588
- APU
- C0244A00588
Description
The Shops at Collierville offers a unique investment opportunity in a thriving Tennessee town. This 60,179 square foot strip center boasts a diverse mix of local and national tenants, ensuring a strong tenant base and consistent foot traffic. Currently, there is 2,550 square feet of vacant retail space available, ideal for a variety of businesses. Located at 875 W Poplar Ave, Collierville, TN 38017, the property enjoys a high-visibility location at the intersection of Poplar Avenue and Byhalia Road, benefiting from excellent exposure to Highway 72. Collierville, the largest town in Tennessee by population, blends modern retail with the charm of a traditional Tennessee town square, creating a vibrant and attractive environment for businesses and shoppers alike. The center's strategic location, combined with its diverse tenant mix and available space, presents a compelling opportunity for businesses seeking a strong presence in a rapidly growing market. The property is situated in Shelby County and offers easy access to Memphis, located just 29 miles to the west. This retail space provides a chance to establish a business within a well-established and successful shopping center, catering to a broad range of consumer needs. The available space is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $245,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $240,000
- Mixed-Use
- $230,000
- Hospitality
- $270,000
- Educational
- $270,000
- Residential Income
- $250,000
- Energy
- $245,000
- Income-Based Land
- $255,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Collierville
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.692
- Latitude
- 35.0454
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA