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Property profile & analytics
FOR LEASE
Strip malls

622 W Poplar Ave Collierville, TN 38017

46,420 SF 15.39 ac lot Built 1965
Individually Owned Absentee Owner Free & Clear
Property ID
US80-1409324
Property summary
AI-generated overview

This exceptional retail opportunity presents 403,642 square feet of prime commercial space in a thriving Collierville, Tennessee strip center. Located at 622 W. Poplar Ave, 38017, this multi-tenant property boasts a highly visible location adjacent to a Walmart Supercenter, ensuring significant foot traffic and brand exposure. The center sits on a substantial 40-acre lot, providing ample parking and room for expansion. Currently, there are 13,924 square feet of vacant space available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 4,744 square feet. This flexibility allows for a variety of retail concepts, from small boutiques to larger establishments. The property's strategic location in Shelby County, Tennessee, offers easy access to major transportation routes and a strong customer base. This is an ideal investment for businesses seeking high visibility and a prime location within a bustling retail environment. The property's size and location make it a compelling opportunity for both established businesses and new ventures looking to establish a strong presence in the Collierville market. The adjacent Walmart Supercenter guarantees a steady stream of potential customers, maximizing the potential for success. Don't miss this chance to secure your space in this thriving retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 46,420 SF
Lot 15.39 ac (670,476 SF)
Zoning code SCC
APN C02-44 - -A-00458
UPID US80-1409324
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Conway Air Conditioning Hardware & Home Improvement HVAC Service
  • Quality Realty Solutions, LLC Real Estate Agency
  • Papa John's Pizza Restaurant
  • The Performance Center Gym & Fitness Center
  • Troy Brunson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.08M
Blend (final) Blend
$3.83M
Owner & transaction history
TURNER A WINGO
TURNER A WINGO
Zoning & alternative use
SCC · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

9 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151…

Zone name Shopping Center Commercial
General category COMMERCIAL
Zone area 889.71 ac
Source CHAPTER 151: ZONING REGULATIONS
Top alternative use upside
Auto repair, garage $4.6M +12.4%
Retail stores $4.2M +0.9%
Apartment house (5+ units) $4.1M +0.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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