2574 Frayser Blvd Memphis, TN 38127-5829

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

Neighborhood 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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.9779

Latitude

35.2216

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments