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    Property profile & analytics
    OFF-MARKET Estimated value $5,380,000
    Strip malls

    7825 Winchester Rd, Memphis, TN 38125-2365

    11,848 SF 3.02 ac lot Built 2003
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US80-1941035
    Property summary
    AI-generated overview

    Centennial Village, a Class A, single-story retail strip center totaling 43,673 square feet, presents a unique investment opportunity in Memphis, Tennessee. Built in 2001, this established center boasts a prime location at 7825 Winchester Rd, conveniently situated just half a mile west of FedEx Headquarters, providing access to a substantial workforce of 3,200 employees. The property features multiple tenancies, with three spaces currently available, ranging from 1,528 to 5,600 square feet. Strong anchor tenants include popular local restaurants Half Shell and Huey's, alongside established businesses such as Party Works, One Main Financial, Centennial Dental Group, and T Nails. The center benefits from excellent visibility and accessibility, with easy access from Highway 385 and Winchester Road. Furthermore, Centennial Village enjoys proximity to several national retailers, including Best Buy, Marshall's, J C Penney, and Dick's Sporting Goods, creating a synergistic retail environment and high foot traffic. Located in Shelby County, this property offers a compelling opportunity for businesses seeking a thriving retail location in a well-established and high-demand area of Memphis, zip code 38125. The property's address is 7825 Winchester Rd, Memphis, TN, and its cross street is Centennial Drive.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2003
    Total area 11,848 SF
    Lot 3.02 ac (131,638 SF)
    Zoning code R-8
    APN 081-084- - -00008
    UPID US80-1941035
    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
    • Kingdom Kids Hair Palace Hair Salon Nail Salon
    • Mid South Vapors - Memphis (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Sparkes Vivien Insurance Agency
    • OneMain Financial Loan Service
    • Great Scentsations Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.11M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.38M
    Owner & transaction history
    Cofis Properties LLC · 4 yrs held
    Cofis Properties LLC
    since 2021
    Last sale
    $6.9M
    4 recorded transactions
    2021
    $6.9M
    2021
    2005
    2004
    Zoning & alternative use
    R-8 · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.7M +319.5%
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