Retail in Memphis available for sale
Memphis Retail Spaces For Sale

Retail Spaces for Sale in Memphis, TN, USA

More details for 2847 Poplar Ave, Memphis, TN - Retail for Sale
  • Matterport 3D Tour

100% LEASED INVESTMENT OPPORTUNITY - 2847 Poplar Ave

Memphis, TN 38111

  • Retail Space
  • Retail for Sale
  • $6,922,650 CAD
  • 7,420 SF

Memphis Retail for Sale - Midtown

100% LEASED! Poplar Corner presents a rare opportunity to acquire a Class A, multi-tenant retail and office investment strategically positioned at one of Memphis’ most iconic intersections, Poplar, Union, and Walnut Grove. Built in 2022, this premier ±7,420-square-foot retail/office asset offers exceptional visibility, modern construction, and strong tenancy, making it an ideal long-term hold in a supply-constrained corridor. Long-term national tenants anchor the building, delivering stability and predictable income. The facility is ±75% occupied by industry-leading communications provider, Xfinity, as well as the US Army Reserves, on leases running through 2031 and 2030, respectively. The property is situated on a 0.76-acre lot, with on-site parking for 28 vehicles, attractive landscaping, and prominent monument signage. Offering robust exposure and convenient accessibility, Poplar Corner presents an attractive option for growing retailers and office tenants. More than 47,000 vehicles can see the property from the intersection of Poplar, Union, and Walnut Grove each day, providing key placement for traffic-oriented businesses. The site benefits from convenient proximity to some of Memphis' main economic drivers, including the Medical District (20,000+ jobs / 10,000 students), Downtown Memphis (89,000+ white collar jobs), and the Poplar/I-240 Office Hub (100,000+ jobs). This high-growth region has over $14 billion in capital investment underway, including St. Jude's $12.9 billion expansion and the $1.5 billion Regional One redevelopment project. Investors in Poplar Corner will be able to leverage the local submarket’s tight availabilities and stable rent growth when looking to fill the final vacancy. Currently, retail vacancies in the area sit at just 4.7%, while rents have climbed by 2.5% during the past 12 months. This trend aligns with recent developments in the submarket, where rents have increased by an average of 4.3% annually over the past five years. Retailers in the area enjoy strong support from a sizeable customer base when looking within just 3 miles of the property. More than 114,000 residents live in the area, commanding an average household income of more than $71,000, resulting in impressive annual spending of more than $1.2 billion. Claim a performing retail and office investment with untapped growth potential and a prime location fronting one of the busiest intersections in Memphis at Poplar Corner. Contact the Gill Properties team today to schedule a tour and learn more about this incredible opportunity.

Contact:

Gill Properties, Inc.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-11-05

Hide
See More
More details for 910 Jackson Ave, Memphis, TN - Retail for Sale

910 Jackson Ave

Memphis, TN 38107

  • Retail Space
  • Retail for Sale
  • $969,171 CAD
  • 9,180 SF
See More
More details for 6645 E Shelby Dr, Memphis, TN - Retail for Sale

Freestanding Retail - Southeast Memphis, TN - 6645 E Shelby Dr

Memphis, TN 38141

  • Retail Space
  • Retail for Sale
  • $1,107,624 CAD
  • 6,828 SF
See More
More details for 213 N Cleveland St, Memphis, TN - Retail for Sale

Vacant Freestanding Retail - Memphis, TN - 213 N Cleveland St

Memphis, TN 38104

  • Retail Space
  • Retail for Sale
  • $1,100,701 CAD
  • 5,675 SF
See More
More details for 981 S Cooper St, Memphis, TN - Retail for Sale

981 S Cooper St

Memphis, TN 38104

  • Retail Space
  • Retail for Sale
  • $1,661,436 CAD
  • 4,000 SF
See More
More details for 2281 N Germantown Pky, Cordova, TN - Retail for Sale

Fun City Adventure Park - 2281 N Germantown Pky

Cordova, TN 38016

  • Retail Space
  • Retail for Sale
  • $8,293,334 CAD
  • 60,743 SF

Cordova Retail for Sale - Northeast

The Snyder Carlton Team is pleased to offer investors the opportunity to acquire a single tenant Investment in the Memphis metropolitan area. Fun City Adventure Park, a high quality family entertainment center, has 60 locations operating or opening soon. The asset is secured by a 15-year net lease with three, five-year option periods, strong rent increases, and a personal guaranty from the owner of Fun City Adventure Parks. The landlord is only responsible for the roof and structure of the premises, making this asset ideal for an investor seeking high returns with limited responsibilities. The 60,743 SF building on 2.17 acres anchors Countrywood Crossing, is located on the hard corner signalized intersection of Germantown Parkway (46,600 VPD) and Ikea Way, and is less than half a mile from Interstate 40 (106,400 VPD). The property sits adjacent to one of only two Costco’s in all of Memphis MSA. The property is priced at below replacement cost and offers the Buyer long term upside potential with below market rent at $8 PSF. The property is positioned within the largest and busiest retail corridor in Memphis, with Wolfchase Galleria Mall being only 1 mile away. Several other surrounding retail centers include The Commons at Dexter Lake, Memphis Commons, and The Market at Wolfcreek. Other nearby retailers include Costco, Home Depot, Lowe’s Home Improvement, Target, Walmart Supercenter, Sam’s Club, Academy Sports, Hobby Lobby, McDonald’s, Chick-fil-A, Raising Cane’s, and Chipotle, to name a few.

Contact:

Colliers

Property Subtype:

Storefront

Date on Market:

2026-03-02

Hide
See More
More details for 5091 Park Ave, Memphis, TN - Retail for Sale

5091 Park Ave

Memphis, TN 38117

  • Retail Space
  • Retail for Sale
  • $1,938,342 CAD
  • 2,000 SF
See More
More details for 2005 Whitten Rd, Memphis, TN - Retail for Sale

2005 Whitten Rd

Memphis, TN 38133

  • Retail Space
  • Retail for Sale
  • $3,045,966 CAD
  • 3,029 SF
See More
More details for 3515 Park Ave, Memphis, TN - Retail for Sale

5% Incrs Every 5 Yrs | Replaceable Rents - 3515 Park Ave

Memphis, TN 38111

  • Retail Space
  • Retail for Sale
  • $5,128,853 CAD
  • 15,435 SF

Memphis Retail for Sale - East

We are pleased to market for sale the Walgreens property located at 3515 Park Ave, Memphis, TN 38111 ("The Property"). Walgreens has been operating at this location for 23 years and has 9 years remaining on its lease. The lease offers 5% rental increases every 5 years, and in each of the 12 5-year options. Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever. According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide. Strategically located 0.5 miles from the University of Memphis, the property benefits from close proximity to the university with over 24,000 students and faculty, generating steady traffic and pharmacy demand. Situated 5.5 miles from Downtown Memphis, the Property benefits from its close proximity to the city’s core and supports 101,000 households and a total population of over 245,000 within a 5-mile radius. In addition, the property is located 2.5 miles from the FedEx World Hub, the largest sorting facility in FedEx’s global network, employing over 30,000 people locally and generating annual revenues exceeding $45 billion. Positioned within a dense retail corridor, the Property is surrounded by over 8.6 million square feet of existing retail space within a 3-mile radius, with a vacancy rate under 4%. Listed in conjunction with Brian Brockman, Bang Realty - Tennessee Inc, 513-898-1551, wg@bangrealty.com, TN DRE Lic. 343847.

Contact:

Pharma Property Group- Drugstore Specialists

Property Subtype:

Drug Store

Date on Market:

2026-02-10

Hide
See More
More details for 3538-3582 Hickory Hill Rd, Memphis, TN - Retail for Sale

The Village Of Hickory Ridge - Memphis, TN - 3538-3582 Hickory Hill Rd

Memphis, TN 38115

  • Retail Space
  • Retail for Sale
  • $2,042,182 CAD
  • 17,194 SF
See More
More details for FleetPride Industrial Investment – for Sale

FleetPride Industrial Investment

  • Retail Space
  • Mixed Types for Sale
  • $4,012,700 CAD
  • 3 Properties | Mixed Types
See More
More details for 3590 Thomas St, Memphis, TN - Office for Sale

The Frayser Bauhaus - 3590 Thomas St

Memphis, TN 38127

  • Retail Space
  • Office for Sale
  • $346,132 CAD
  • 5,088 SF
See More
More details for 372 S Main St, Memphis, TN - Retail for Sale

372 S Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $4,499,722 CAD
  • 12,470 SF
See More
More details for 1553-1557 Madison Ave, Memphis, TN - Retail for Sale

1553-1557 Madison Ave

Memphis, TN 38104

  • Retail Space
  • Retail for Sale
  • $4,845,855 CAD
  • 63,750 SF
See More
More details for 346 N Main St, Memphis, TN - Retail for Sale

346 N Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $732,416 CAD
  • 1,056 SF
See More
More details for Retail Portfolio | Lakeview Commons – Retail for Sale, Southaven, MS

Retail Portfolio | Lakeview Commons

  • Retail Space
  • Retail for Sale
  • $3,115,192 CAD
  • 10,800 SF
  • 2 Retail Properties

Southaven Portfolio of properties for Sale - DeSoto County

Lakeview Commons represents a rare, cash-flowing retail investment opportunity in ZIP code 38671 — a fast-growing Southaven submarket. The low-maintenance center’s 10,800 SF of retail space sits at the high-traffic corner of Airways Boulevard and Stateline Road, an intersection that provides ideal visibility and access for both residents and commuters. Strategically positioned within two miles of Baptist DeSoto Hospital and surrounded by more than 5 million square feet (SF) of industrial space, the property benefits from a robust daytime population of 21,900 employees and over 2,000 nearby businesses. Given tight supply of well-positioned, stabilized retail centers in Desoto County, Lakeview Commons offers investors a rare chance to acquire a low-maintenance, performing asset in a dense, growing trade area — making it a highly compelling and hard-to-find passive retail investment. Additionally, with the property’s recent upgrades, an investor may be able to maximize tax efficiency with a cost segregation study—unlocking accelerated depreciation opportunities that can materially enhance after-tax yield. 10 Reasons Why This is a Great Investment 1. Scarcity of Stabilized, Cash-Flowing Assets in 38671 • Very few "turnkey," newer construction assets trade in this submarket. • Most inventory at 9% caps involves older roofs, aging parking lots, legacy HVAC, or vacancy risk. • Lakeview Commons is fully stabilized and performing, which commands pricing premium. ? 2. New Construction + Recent Capital Improvements • Recently upgraded parking lot, HVAC systems, and demising work. • Lower near-term capital expenditure needs = reduced operational risk. • Investors typically pay tighter caps for assets requiring minimal upfront CapEx. ? 3. Strong Corner Location with High Visibility • Hard corner at Airways & Stateline with heavy traffic counts. • Superior visibility and access compared to comparable centers. • Better corners trade at better caps. ? 4. Prime Demographics & Daytime Demand • ZIP 38671 demographics outperform many suburban retail markets: • Population density: 1,600+ people per sq mile • Median household income: ~$61,700 • Strong daytime population from hospital + industrial corridor • Supports daily-needs retail and minimizes occupancy volatility. ? 5. Capital Market Conditions: Interest Rates Shift Buyer Preferences • Elevated commercial interest rates have pushed distressed or aging centers to 9% caps or higher. • Newer, stable, low-maintenance assets like Lakeview Commons compress in cap rate because they reduce financing risk and income volatility. • Investors are prioritizing long-term stability and predictable NOI in high-rate cycles. ? 6. Cost Segregation Opportunity Enhances After-Tax Returns • Recent capital improvements make the property a strong candidate for a buyer-initiated cost segregation study. • Potential for accelerated depreciation on: • New HVAC units • Parking improvements • Interior build-out / demising elements Effective after-tax yield may outperform the stated 7.32% return, strengthening the economic rationale for the pricing. ? 7. Priced Below Replacement Cost • Rising construction costs (labor, materials, site work) make reproducing this asset significantly more expensive today. • Buying below replacement cost justifies tighter cap rates and supports long-term value retention. ? 8. Long-Term Appreciation Potential • Hard-corner, high-traffic retail sites historically outperform the broader retail market. • Limited availability of future comparable development sites. • Better exit strategy = stronger pricing power today. ? 9. Strong Blend of Longstanding and Newer Tenants Supports Stability • A healthy mix of long-term occupants (some in place since 2008, 2010, 2015) combined with newer service-based tenants, have recently signed multi-year leases. • This blend reduces rollover risk while also keeping the center dynamic and relevant to the trade area. • The stability of long-term tenants paired with the momentum of new leases supports low vacancy risk in the near and mid-term. ? 10. Below-Market Rents Create Future Upside Potential • Several existing tenants—especially those with long occupancy histories—are paying below current market rental rates. • This presents a clear opportunity to capture rental uplift at renewal or during option negotiations. • The ability to gradually move rents to market over time enhances long-term NOI growth, supporting the property’s premium pricing. IMPORTANT NOTE: PLEASE DO NOT DISTURB CURRENT TENANTS; DRIVE BY ONLY.

Contact:

Myers Commercial Real Estate

Date on Market:

2025-12-08

Hide
See More
More details for 2245 Lamar Ave, Memphis, TN - Retail for Sale

2245 Lamar Ave

Memphis, TN 38114

  • Retail Space
  • Retail for Sale
  • $969,171 CAD
  • 9,014 SF

Memphis Retail for Sale - Midtown

Vacant Value Add Building Owner willing to lease for $6,000 per month 8 dollars a SQFT Investing in Dollar General real estate offers dependable returns with room for growth. Roughly 70% of their stores operate successfully in smaller communities with fewer than 20,000 residents, where competition from big-box retailers is minimal. Most Dollar General leases are structured as absolute triple-net (NNN) agreements spanning 15 years, providing investors with predictable, low-maintenance income. In comparison, Dollar Tree and Family Dollar locations typically feature double-net (NN) leases with 10-year terms. Dollar General operates more than 19,000 stores across the United States and continues to expand with additional ground-up developments. The company’s ongoing investments in new Distribution Centers and its growing “DG Market” format reflect a strategic push toward greater operational efficiency and broader product offerings. Corporate Strength & Stability As a publicly traded Fortune 500 company, Dollar General (NYSE: DG) has a long-standing track record of strong financial performance. The brand is considered highly resilient—even in economic downturns—due to its value-oriented model, often described as the small-town equivalent of a Walmart. Demonstrated Sales Growth The company continues to show healthy retail performance, reporting same-store sales increases of over 4% year-over-year along with a more than 10% rise in net sales. These metrics underscore Dollar General’s ongoing commitment to opening and operating successful locations. Long-Term Profitability Outlook With its expanding distribution network, reduced logistics costs, and increased average basket size per customer, Dollar General is well-positioned for sustained profitability and operational efficiency throughout its national footprint. 2245 Lamar Ave, Memphis, TN 38114 is a 10,100 SF freestanding retail property built in 2011, formerly occupied by Dollar General/Family Dollar. The property sits on a .92-acre lot with ample parking and a flexible open floor plan, rear storage, and delivery access. It is currently vacant, presenting a valueadd opportunity for investors or owner-users. Traffic counts are strong, with 28,619 vehicles per day (VPD) on Lamar Avenue and additional exposure from nearby Airways Blvd (+25K VPD). The property is located in the Orange Mound neighborhood, within Memphis’s Downtown/Midtown submarket. Lamar Avenue is a major commercial corridor with high visibility and strong traffic flow. The area is surrounded by national retailers and quick-service restaurants including McDonald’s, Walgreens, Burger King, Popeyes, KFC, and Cricket Wireless, ensuring steady consumer activity. Its proximity to Airways Blvd enhances accessibility and exposure. The site benefits from being in a dense urban trade area with both residential and commercial demand, making it wellpositioned for retail or service tenants The property is being marketed at a substantial discount making it attractive for repositioning into retail, discount, convenience, or service-oriented tenants Also available for lease at $6k monthly

Contact:

Braden, Braden & Braden LLC

Property Subtype:

Freestanding

Date on Market:

2025-12-01

Hide
See More
More details for 2493 Broad Ave, Memphis, TN - Retail for Sale

2493 Broad Ave

Memphis, TN 38112

  • Retail Space
  • Retail for Sale
  • $3,599,778 CAD
  • 16,246 SF
See More
More details for 7951 Winchester Rd, Memphis, TN - Retail for Sale

Former Ashley Homestore - 7951 Winchester Rd

Memphis, TN 38125

  • Retail Space
  • Retail for Sale
  • $10,290,103 CAD
  • 49,548 SF
See More
1-24 of 73

Retail Spaces For Sale

Retail Spaces

Looking to lease a Retail Space? View Retail Spaces for lease