2574 Frayser Blvd Memphis, TN 38127-5829
- Strip malls
- 64,810 SF
- 6.68 lot acres
Current Use by Public Records
- Health Loop / Medical Clinic
- Cruz Dinia C MD / Pediatrician / Medical Clinic
- Angela Kuo / Physician
- Jorge Rodriguez / Physician
Property Details for 2574 Frayser Blvd
- Year built
- 1972
- Lot size
- 6.68 lot acres
- Property size
- 64,810 SF
- Zone code
- CMU-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 072-073- - -00021
- APU
- 7207300021
Description
This exceptional investment opportunity presents Frayser Village Shopping Center, a 141,611 square foot, multi-tenant retail property situated in Memphis, Tennessee. The property boasts a 90.66% occupancy rate and is anchored by a Kroger grocery store with a recently extended five-year lease, demonstrating a long-term commitment to the location. Built in 1968 and 1972, with renovations completed in 1993, the center comprises two single-story buildings on a 17.93-acre lot. The strong tenant mix includes established national brands such as Family Dollar, Rainbow, Madrags, City Gear, Shoe Time, and Rent-A-Center, providing a diverse revenue stream. The center benefits from its strategic location within a rapidly developing area, proximate to significant investments by major corporations like Nike and Amazon, and the recently approved construction of a substantial new high school. This stabilized, NNN-leased shopping center offers a compelling investment opportunity with a proven track record and significant growth potential. The Kroger anchor, a dominant player in the Memphis market, provides exceptional stability and long-term value. This property is ideally suited for investors seeking a high-performing, well-located retail asset in a thriving Memphis market. The property's size, tenant diversity, and prime location make it a highly attractive investment prospect.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,265,000
Market price range: $2.07M - $8.62M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,760,000 Current use
- MEDICAL BUILDING
- $9,270,000 Change: +95% Conversion: Difficult
- OFFICE BUILDING
- $7,730,000 Change: +62% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,285,000 Change: +32% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $5,765,000 Change: +21% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,915,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9779
- Latitude
- 35.2216
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
