7915 Winchester RdMemphis, TN 38125
- Retail properties
- 41,230 SF
Property Details for 7915 Winchester Rd
- Year built
- 2002
- Lot size
- 4.27 AC
- Property size (Sq ft)
- 41,230 SF
- Zone code
- CA
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- D02-42 - - -00442
- APU
- D024200442
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,732,667
- 6.5%
- $8,060,923
- 7%
- $7,485,143
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,100,013
- Geo Method
- $8,100,013
-
Alternative Use
- Use
- Valuation
- Residential
- $6,799,690
- Hospitality
- $6,228,480
- Educational
- $5,182,022
- Medical
- $5,360,240
- Retail
- $8,060,923
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0463
- Longitude
- -89.8
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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