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    Property profile & analytics
    FOR LEASE
    Strip malls

    6990 Shelby Dr, Memphis, TN 38125-3416

    101,094 SF 14.7 ac lot Built 1989
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US80-1072458
    Property summary
    AI-generated overview

    Shelby Square, a 145,073 square foot shopping center in Memphis, Tennessee, presents a compelling investment opportunity. This multi-tenant retail property boasts a prime location at the intersection of East Shelby Drive and Riverdale Road in Southeast Memphis, just north of the Mississippi state line, within Shelby County, zip code 38125. The center features a strong tenant mix, anchored by prominent national retailers including Walmart Neighborhood Market, Roses Discount Store, Rainbow, Advance Auto Parts, and Hibbett Sports. Additional national tenants include Checkers, DaVita, Cricket Wireless, and Jackson Hewitt. Currently, there are four spaces available, ranging from a minimum of 1,160 square feet to a maximum contiguous space of 11,900 square feet. A total of 19,373 square feet is currently vacant, offering significant potential for expansion or new tenant acquisition. The property sits on a substantial 145,073 square foot lot, providing ample space and visibility. This well-established shopping center benefits from high traffic counts and a strong local customer base, making it an attractive option for both established businesses and new ventures seeking a strategic location in a thriving retail market. The property's size and tenant diversity offer a stable income stream and significant upside potential for future growth. This is an exceptional opportunity to acquire a well-positioned retail asset in a rapidly developing area of Memphis.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1989
    Total area 101,094 SF
    Lot 14.7 ac (640,506 SF)
    Zoning code CMU-2
    APN 093-700- - -00443-C
    UPID US80-1072458
    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
    • Walmart Bakery Bakery Specialty Food Shop
    • Walmart Baby & Nursery Services Social Service Agency Community Center
    • Ria Money Transfer - Walmart Bank Credit Union
    • Coinstar Bank Credit Union
    • Checkers Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.70M
    Blend (final) Blend
    $3.61M
    Owner & transaction history
    Shelby Partners Ltd · 17 yrs held
    Shelby Partners Ltd
    since 2008
    4 recorded transactions
    2008
    2006
    $7.3M
    2005
    $6.6M
    1969
    Zoning & alternative use
    CMU-2 · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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