For Sale
$4,900,000

2151 Central AveMemphis, TN 38104

High-Yield Shopping Center Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity presents a thriving 17,300 square foot shopping center located at 2151 Central Ave, Memphis, TN 38104, in the heart of Midtown Memphis. The property is currently occupied by five tenants, including Urban Outfitter, Pavo, Fox+Catvintage, and Knifebird, ensuring a diverse and stable income stream. The center operates under a NNN lease structure, minimizing landlord responsibilities. The asking price is $4,900,000, translating to a price per square foot of $283.24. The property benefits from built-in rent bumps, providing future income growth potential. Its strategic location within a vibrant and high-traffic area of Midtown Memphis guarantees consistent foot traffic and strong business performance. The presence of a Bank of America ATM further enhances the property's appeal and convenience for shoppers. This multi-tenant retail center offers a compelling investment opportunity with significant potential for long-term growth and profitability. The property's strong tenant mix and prime location make it an attractive asset for discerning investors seeking a stable and high-yielding investment in the thriving Memphis market. The Shelby County location provides access to a large and diverse customer base. This is a turnkey operation ready for immediate income generation.

Highlights

  • 17,300 SF retail center in Midtown Memphis, TN.
  • Five tenants including Urban Outfitters, generating stable income.
  • NNN lease structure minimizes landlord responsibilities.
  • Asking price: $4,900,000 ($283.24/SF).
  • Built-in rent bumps ensure future income growth.
  • Prime Midtown location with high foot traffic.

Property Details for 2151 Central Ave

Property type
Lifestyle centers, Power centers
Square Feet
17,300 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.125707465723
Longitude
-89.990317798485
2151 Central Ave, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2151 Central Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message