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Shopping Strip

Walmart Shadow Center | Memphis, TN

5339 Elvis Presley Blvd, Memphis, TN 38116

Listing Price: $3,850,000

Cap Rate
8.00%
Gross SF
19,200
Rentable SF
19,200
Price/Gross SF
$200.52
Lot Size
1.97 acres
Year Built
2005

Investment Overview

WALMART SHADOW CENTER | MEMPHIS , TN
• This property is a 20,000 SF Walmart shadow-anchored center located in the suburbs of Memphis, TN
• 100% occupied Medtail tenant lineup
• Veteran tenant mix with a 14+ year average tenant tenure
• Recent leasing momentum provides in-place rent comps
• Dense suburban location creates a built-in customer base

MEDTAIL LINE-UP | SEASONED TENANCY
• Medtail tenant mix featuring Beauty Land (long-term operator) and medical/servicebased shop tenants
• Proven long-term operators with an average tenant tenure of 14+ years
• Anchored by a well-performing Walmart Supercenter that sees 2.2 million visits per year
• Recent lease with Mt. Pain & Injury executed at $16 PSF – providing in-place rent comps

SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP
• Prime frontage on Elvis Presley Blvd with immediate access to I-55 (97K VPD)
• The center serves a densely populated neighborhood area with 136,000 residents in a 5- mile radius, providing consistent foot traffic
• The immediate corridor features limited competing medical and service-oriented shop space, creating a built-in customer base driven by proximity, convenience, and essential services

DESTINATION TENANCY
• This medtail center benefits from its shadow-anchored positioning by capturing spillover traffic from the high-trafficked Walmart
• The medical tenant lineup creates a destination-based center that is not reliant on daily traffic counts
• Tenant lineup is perfectly suited for densely infill sprawl location away from major retail competition

Investment Highlights

  • WALMART SHADOW CENTER | MEMPHIS , TN
  • MEDTAIL LINE-UP | SEASONED TENANCY
  • SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP
  • DESTINATION TENANCY

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Shopping Strip

Walmart Shadow Center | Memphis, TN

Listing Price: $3,850,000

Cap Rate
8.00%
Gross SF
19,200
Rentable SF
19,200
Price/Gross SF
$200.52
Lot Size
1.97 acres
Year Built
2005

Investment Highlights

  • WALMART SHADOW CENTER | MEMPHIS , TN
  • MEDTAIL LINE-UP | SEASONED TENANCY
  • SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP
  • DESTINATION TENANCY

Investment Overview

WALMART SHADOW CENTER | MEMPHIS , TN • This property is a 20,000 SF Walmart shadow-anchored center located in the suburbs of Memphis, TN • 100% occupied Medtail tenant lineup • Veteran tenant mix with a 14+ year average tenant tenure • Recent leasing momentum provides in-place rent comps • Dense suburban location creates a built-in customer base MEDTAIL LINE-UP | SEASONED TENANCY • Medtail tenant mix featuring Beauty Land (long-term operator) and medical/servicebased shop tenants • Proven long-term operators with an average tenant tenure of 14+ years • Anchored by a well-performing Walmart Supercenter that sees 2.2 million visits per year • Recent lease with Mt. Pain & Injury executed at $16 PSF – providing in-place rent comps SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP • Prime frontage on Elvis Presley Blvd with immediate access to I-55 (97K VPD) • The center serves a densely populated neighborhood area with 136,000 residents in a 5- mile radius, providing consistent foot traffic • The immediate corridor features limited competing medical and service-oriented shop space, creating a built-in customer base driven by proximity, convenience, and essential services DESTINATION TENANCY • This medtail center benefits from its shadow-anchored positioning by capturing spillover traffic from the high-trafficked Walmart • The medical tenant lineup creates a destination-based center that is not reliant on daily traffic counts • Tenant lineup is perfectly suited for densely infill sprawl location away from major retail competition

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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