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Kirby Whitten Shops 2690 Kirby Whitten Rd 7,500 SF 100% Leased Retail Building Memphis, TN 38133 $1,513,000 ($201.73/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Security – Weighted average lease term of 3.2 years with long term operating history.
  • Strip Center Intrinsics – Kirby Whitten Shops embodies the low risk associated with smaller, leasable tenant spaces.
  • Limited Retail Inventory in the Area – Sticky tenants.
  • Rent Growth – Several tenants are paying below market rent, presenting an opportunity for future rent growth.
  • E-Commerce Resilience – Tenancy profile is predominantly service oriented, offering resistance to online retail disruption.
  • Attractive Retail Design – Newer vintage building: Features prominent signage, ample parking, and high visibility, ideal for tenant success.

EXECUTIVE SUMMARY

Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,500 SF
Building Class
B
Year Built
2016
Price
$1,513,000
Price Per SF
$201.73
Cap Rate
7.50%
NOI
$113,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
CMU-2
Frontage
148’ on Country Park Rd

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Wheelchair Accessible

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • The Chiro Place
  • -
  • -
  • -
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
The Chiro Place - - - Jan 0000

NEARBY MAJOR RETAILERS

Renasant Bank
United Rentals
Cadence Bank
Truist
HOTWORX
Starbucks
Kroger
Regions Bank
Back Yard Burgers
Freddy's Frozen Custard & Steakburgers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-5100-0-0164
Land Assessment
$96,600
Improvements Assessment
$328,160
Total Assessment
$424,760
  • Listing ID: 38778338

  • Date on Market: 12/15/2025

  • Last Updated:

  • Address: 2690 Kirby Whitten Rd, Memphis, TN 38133

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