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4910 Raleigh Common Dr 8,756 SF Retail Building Memphis, TN 38128 $975,000 ($111.35/SF) 5.38% Cap Rate
Investment Highlights
- High-traffic area with 38,788 VPD on Austin Peay Hwy and 16,036 VPD on New Covington Pike
- Strong commercial momentum in the immediate area, with several new developments completed or underway
- Surrounded by major national retailers, restaurants, and healthcare services
- Proximity to Raleigh Springs Civic Town Center, completed in 2023, increasing foot traffic and activity
Executive Summary
This offering features a modern commercial property located in the heart of Raleigh’s revitalized commercial corridor, supported by strong surrounding economic activity and newly developed retail and service businesses. The area has seen meaningful growth with recent additions such as Starbucks, Bojangles, Chick-fil-A, Whataburger, Tropical Smoothie Café, as well as healthcare institutions like Methodist North Hospital and Encompass Health Rehabilitation. Its position among major national retailers—including Walmart, Kroger, Walgreens, and Dollar Tree—reinforces long-term stability and consumer draw. With excellent visibility, ample parking, and access to major thoroughfares experiencing heavy daily traffic, the site offers a strategically placed asset within a dynamic and growing commercial ecosystem.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,756 SF
Building Class
B
Year Built
2000
Price
$975,000
Price Per SF
$111.35
Cap Rate
5.38%
NOI
$52,455
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.68 AC
Zoning
RS10
Parking
27 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
192’ on Austin Peay Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | D0-147-0-0438 | Improvements Assessment | $526,360 |
| Land Assessment | $52,560 | Total Assessment | $578,920 |
Property Taxes
Parcel Number
D0-147-0-0438
Land Assessment
$52,560
Improvements Assessment
$526,360
Total Assessment
$578,920
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4910 Raleigh Common Dr
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