Retail in Memphis available for sale
Memphis Retail Spaces For Sale

Retail Spaces for Sale in Memphis, TN, USA

More details for FleetPride Industrial Investment – for Sale

FleetPride Industrial Investment

  • Retail Space
  • Mixed Types for Sale
  • $4,088,547 CAD
  • 3 Properties | Mixed Types
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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
  • $337,157 CAD
  • 5,088 SF
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More details for 372 S Main St, Memphis, TN - Retail for Sale

372 S Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $3,879,425 CAD
  • 12,470 SF
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More details for 1553-1557 Madison Ave, Memphis, TN - Retail for Sale

1553-1557 Madison Ave

Memphis, TN 38104

  • Retail Space
  • Retail for Sale
  • $4,937,450 CAD
  • 63,750 SF
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More details for 346 N Main St, Memphis, TN - Retail for Sale

WESTY'S RESTAURANT AND BAR - 346 N Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $599,547 CAD
  • 1,056 SF
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More details for Retail Portfolio | Lakeview Commons – Retail for Sale, Southaven, MS

Retail Portfolio | Lakeview Commons

  • Retail Space
  • Retail for Sale
  • $3,174,075 CAD
  • 10,800 SF
  • 2 Retail Properties

Southaven Portfolio of properties for Sale - DeSoto County

Lakeview Commons represents a rare, cash-flowing, value-add 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. With strong demand along the Airways corridor and continued economic growth in the Southaven submarket—further bolstered by major investments such as xAI’s expansion into the area—a new owner is also well-positioned to lease the available space at competitive market rates. This lease-up potential, combined with the property’s existing cash flow, offers a clear path to increasing NOI and long-term asset appreciation. 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

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

2245 Lamar Ave

Memphis, TN 38114

  • Retail Space
  • Retail for Sale
  • $987,490 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

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

2493 Broad Ave

Memphis, TN 38112

  • Retail Space
  • Retail for Sale
  • $3,667,820 CAD
  • 16,246 SF
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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
  • $10,484,604 CAD
  • 49,548 SF
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More details for 7741-7771 Winchester Rd, Memphis, TN - Retail for Sale

Centennial Place - 7741-7771 Winchester Rd

Memphis, TN 38125

  • Retail Space
  • Retail for Sale
  • $18,282,672 CAD
  • 126,849 SF
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More details for 4064 Saint Elmo Ave, Memphis, TN - Retail for Sale

MULTI TENANT SHOPPING CENTER FOR SALE - 4064 Saint Elmo Ave

Memphis, TN 38128

  • Retail Space
  • Retail for Sale
  • $1,107,399 CAD
  • 10,700 SF
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More details for 8070 Stage Rd, Memphis, TN - Retail for Sale

Wolfchase Shops - 8070 Stage Rd

Memphis, TN 38133

  • Retail Space
  • Retail for Sale
  • $4,232,100 CAD
  • 8,100 SF
  • Restaurant

Memphis Retail for Sale - Northeast

Prime Retail Location | Exceptional Demographics Wolfchase Shops is strategically positioned at the signalized intersection of Highway 64 (Stage Road) and Germantown Parkway—one of the busiest retail corridors in Bartlett, a suburb of Memphis, TN—with combined traffic counts reaching 80,000 vehicles per day. The property sits directly across from the Wolfchase Galleria Mall, home to over 130 national retailers. Nearby major anchors include Sam’s Club, Walmart, Lowe’s, Target, and Home Depot. The surrounding area boasts strong demographics, with over 160,000 residents and an average household income of over $106,000 within a 5-mile radius. Attractive Lease Terms | Strong Retail Performance The property benefits from favorable lease structures with current rents at or below market levels, providing future upside through strong scheduled rental increases and re-tenanting opportunities. Mattress Firm continues to demonstrate strong in-store sales, approaching its percentage rent threshold in recent years. Subway recently renewed for a 10 year term with 3% annual rental increases. T-Mobile is still in its primary term and includes strong 5 year renewals with significant rental increases National Tenant Lineup | NNN Leases The center is anchored by nationally recognized tenants Mattress Firm, T-Mobile, and Subway, ensuring steady foot traffic and brand-driven consumer appeal. T-Mobile most recently signed a new 10-year lease and fully renovated its space as part of a strategic relocation from a nearby site. All leases are triple-net (NNN), with tenants reimbursing the landlord for operating expenses on a monthly basis. Strong Memphis MSA Fundamentals Located just 17 miles from Downtown Memphis, the property benefits from its proximity to one of the South’s most dynamic metropolitan areas. Memphis, with a city population of over 650,000 and a metro population exceeding 1.3 million, serves as a regional economic hub for Tennessee, Mississippi, and Arkansas.

Contact:

ben + burka

Property Subtype:

Storefront

Date on Market:

2025-07-29

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More details for 95 S Main St, Memphis, TN - Retail for Sale

95 S Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $980,436 CAD
  • 3,065 SF
  • 1 Unit Available
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More details for 2500 Broad Ave, Memphis, TN - Retail for Sale

Light Bulb Depot - 2500 Broad Ave

Memphis, TN 38112

  • Retail Space
  • Retail for Sale
  • $1,268,219 CAD
  • 15,830 SF
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More details for 2936 Kirby Whitten Rd, Memphis, TN - Retail for Sale

2936 Kirby Whitten Rd

Memphis, TN 38134

  • Retail Space
  • Retail for Sale
  • $1,911,498 CAD
  • 5,513 SF
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More details for 414 S Main St, Memphis, TN - Retail for Sale

414 S Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $845,009 CAD
  • 6,475 SF
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More details for 335-341 S Main St, Memphis, TN - Retail for Sale

335-341 S Main St

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $2,116,050 CAD
  • 17,200 SF
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More details for 1000 S Cooper St, Memphis, TN - Retail for Sale

1000 S Cooper St

Memphis, TN 38104

  • Retail Space
  • Retail for Sale
  • $2,750,865 CAD
  • 40,000 SF
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More details for 2519 Broad Ave, Memphis, TN - Retail for Sale

INVESTMENT OPPORTUNITY - 2519 Broad Ave

Memphis, TN 38112

  • Retail Space
  • Retail for Sale
  • $1,410,700 CAD
  • 4,553 SF
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More details for 124 E G.E. Patterson Ave, Memphis, TN - Retail for Sale

124 E G.E. Patterson Ave

Memphis, TN 38103

  • Retail Space
  • Retail for Sale
  • $1,389,539 CAD
  • 4,022 SF
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