7915 Winchester RdMemphis, TN 38125

  • Retail properties
  • 41,230 SF
For Lease

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
7915 Winchester Rd, Memphis, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$39,494
$874,880
$290,120
$1,165,000
-
$2,187,200
$725,300
$2,912,500

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