Investment Overview

Marcus & Millichap is pleased to offer Karam Self Storage & Retail Center located at 7060 Winchester Road, Memphis, Tennessee. This exclusive opportunity offers 81,125 NRSF of newly constructed climate control storage and 67,729 SF of retail space. This mixed-used development presents multiple revenue streams and excellent income potential. While 34,729 square feet of the retail space is already leased, approximately 33,000 square feet remains available in this heavy-traffic, highly occupied retail market. This property is uniquely positioned immediately off Highway 385, the southern interstate loop around Memphis, at Riverdale Road. The 3-mile population boasts 97,600 people and traffic counts range from 25,776 vehicles per day (on Winchester in front of the development) to 35,118 vehicles per day (on Riverdale) to 107,826 vehicles per day behind the facility on Highway 385. The outparcels have recently been sold to Chick-Fil A, Starbucks (under construction) and Century Car Wash, all of which bring additional traffic flow directly in front of this center. Other major retailers in the immediate area are Home Depot, McDonalds, Wal-Mart, Sams, Lowes, Dicks Sporting Goods and Top Golf as well as car dealerships and hotels. The self storage space/operations opened in May 2023 and consists of 737 climate controlled units within 81,125 NRSF.