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    Property profile & analytics
    OFF-MARKET Estimated value $1,245,000
    Strip malls

    7915 Winchester Rd, Memphis, TN 38125-2362

    41,230 SF 4.27 ac lot Built 2002
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US80-1900340
    Property summary
    AI-generated overview

    Centennial Crossing, a single-story, 35,344-square-foot retail strip center in Memphis, Tennessee, offers exceptional leasing opportunities. Built in 2002, this property boasts a prime location at 7915 Winchester Rd, 38125, within Shelby County's Southeast Retail submarket. The center features 1987 parking spaces and sits on a 4.27-acre lot, zoned CH. Currently, 3,180 contiguous square feet are available, with a minimum divisible space of 2,474 square feet. This high-visibility location benefits from its proximity to major retailers including Costco, Lowe's, Ashley HomeStore, and PetSmart, situated at the southwest corner of Winchester Rd (32,669 vehicles per day) and Hacks Cross Rd (29,726 average annual daily traffic). The property's strategic placement across from FedEx World Headquarters, employing approximately 3,200 people, ensures a substantial and consistent customer base. The surrounding area also includes a concentration of well-established retailers such as Walmart, Sam's Club, JCPenney, At Home, Burlington Coat Factory, FFO Home, and many more, creating a vibrant and thriving retail environment. This presents a unique opportunity for businesses seeking high visibility and access to a large consumer demographic in a well-established retail corridor.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2002
    Total area 41,230 SF
    Lot 4.27 ac (186,132 SF)
    Zoning code CA
    APN D02-42 - - -00442
    UPID US80-1900340
    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
    • CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
    • Southwind Fish Restaurant
    • Memphis Sports Master (Bike/Boat/Book/etc) Store
    • Heil Beauty Systems Hair Salon Nail Salon
    • Dilday TV Sales and Service Computer & Electronic Repair
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.47M
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    Tallahassee Properties LLC · 7 yrs held
    Tallahassee Properties LLC
    since 2019
    4 recorded transactions
    2019
    $3.6M
    2014
    $3.4M
    2006
    2006
    $8.1M
    Zoning & alternative use
    CA · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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