Shelby Crossing Phase II 6100-6126 Macon Rd 32,090 SF Retail Building Memphis, TN 38134 $4,265,885 CAD ($132.94 CAD/SF) 9% Cap Rate

NE Memphis Highly Visible 100% Leased Shopping Center
100% Leased Neighborhood Center. Less than $100 PSF.
Shelby Crossing Shopping Center II, located at 6100 Macon Road, Memphis, TN 38134, is a fully leased, 33,172 SF neighborhood retail center offering immediate in-place cash flow in one of Memphis’ strongest retail corridors.
Priced at $3,060,000, the asset features a 9.0% cap rate, projected NOI of $275,330, and an attractive basis of approximately $92.22 PSF. Positioned on 3.24 acres along the high-visibility East I-40 corridor with exposure to approximately 150,360 vehicles per day, the center sits across from Bass Pro Shops and just one mile from the I-240/I-40 interchange.
The six-tenant roster provides a diverse mix of retail, restaurant, service, event, and flex users, with the majority of leases structured NNN and several renewals extending into 2027 and beyond. Long-term tenants include Tuff Shed (regional chain) and strong local businesses like Yarbrough's Music; Draper's Catering, and others.
The property offers 167 parking spaces, two drive entrances, rear loading, and pylon signage along I-40.
Ownership has also completed meaningful capital improvements since 2021, including HVAC replacements, sprinkler system enhancements, parking lot work, and updated tax assessments—helping reduce near-term capital expenditure risk.
This is a rare opportunity to acquire a stabilized, income-producing retail asset with strong visibility, proven tenancy, and long-term corridor momentum.
Investment highlights
100% Leased
No major deferred maintenance
Great visibility on 1-40 Highway