7915 Winchester RdMemphis, TN 38125

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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