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875 W Poplar Ave Collierville, TN 38017

Strip malls Google Maps
13,770 SF 7.21 ac lot Built 1994
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
Property ID US80-0808122

Property summary

AI-generated overview

The Shops at Collierville offers a unique investment opportunity in a thriving Tennessee town. This 60,179 square foot strip center boasts a diverse mix of local and national tenants, ensuring a strong tenant base and consistent foot traffic. Currently, there is 2,550 square feet of vacant retail space available, ideal for a variety of businesses. Located at 875 W Poplar Ave, Collierville, TN 38017, the property enjoys a high-visibility location at the intersection of Poplar Avenue and Byhalia Road, benefiting from excellent exposure to Highway 72. Collierville, the largest town in Tennessee by population, blends modern retail with the charm of a traditional Tennessee town square, creating a vibrant and attractive environment for businesses and shoppers alike. The center's strategic location, combined with its diverse tenant mix and available space, presents a compelling opportunity for businesses seeking a strong presence in a rapidly growing market. The property is situated in Shelby County and offers easy access to Memphis, located just 29 miles to the west. This retail space provides a chance to establish a business within a well-established and successful shopping center, catering to a broad range of consumer needs. The available space is ready for immediate occupancy.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Total area 13,770 SF
Lot 7.21 ac (314,111 SF)
Zoning code GC
APN C02-44 - -A-00588
UPID US80-0808122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Dental Office
  • Big Box & Wholesale Store
  • Dental Office
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2021
Last sale
$300,000
4 recorded transactions
2021
$300,000
2012
$7.9M
2007
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Collierville, TN
Zoning description

icts 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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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