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5339 Elvis Presley Blvd
Memphis, TN 38116
Walmart Shadow Center · Retail Property For Sale
Executive Summary
WALMART SHADOW CENTER | MEMPHIS, TN
• This property is a 20,000 SF Walmart shadow-anchored center located in the suburbs of Memphis, TN
• 100% occupied Medtail tenant lineup
• Veteran tenant mix with a 14+ year average tenant tenure
• Recent leasing momentum provides in-place rent comps
• Dense suburban location creates a built-in customer base
MEDTAIL LINE-UP | SEASONED TENANCY
• Medtail tenant mix featuring Beauty Land (long-term operator) and medical/servicebased shop tenants
• Proven long-term operators with an average tenant tenure of 14+ years
• Anchored by a well-performing Walmart Supercenter that sees 2.2 million visits per year
• Recent lease with Mt. Pain & Injury executed at $16 PSF – providing in-place rent comps
SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP
• Prime frontage on Elvis Presley Blvd with immediate access to I-55 (97K VPD)
• The center serves a densely populated neighborhood area with 136,000 residents in a 5- mile radius, providing consistent foot traffic
• The immediate corridor features limited competing medical and service-oriented shop space, creating a built-in customer base driven by proximity, convenience, and essential services
DESTINATION TENANCY
• This medtail center benefits from its shadow-anchored positioning by capturing spillover traffic from the high-trafficked Walmart
• The medical tenant lineup creates a destination-based center that is not reliant on daily traffic counts
• Tenant lineup is perfectly suited for densely infill sprawl location away from major retail competition
• This property is a 20,000 SF Walmart shadow-anchored center located in the suburbs of Memphis, TN
• 100% occupied Medtail tenant lineup
• Veteran tenant mix with a 14+ year average tenant tenure
• Recent leasing momentum provides in-place rent comps
• Dense suburban location creates a built-in customer base
MEDTAIL LINE-UP | SEASONED TENANCY
• Medtail tenant mix featuring Beauty Land (long-term operator) and medical/servicebased shop tenants
• Proven long-term operators with an average tenant tenure of 14+ years
• Anchored by a well-performing Walmart Supercenter that sees 2.2 million visits per year
• Recent lease with Mt. Pain & Injury executed at $16 PSF – providing in-place rent comps
SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP
• Prime frontage on Elvis Presley Blvd with immediate access to I-55 (97K VPD)
• The center serves a densely populated neighborhood area with 136,000 residents in a 5- mile radius, providing consistent foot traffic
• The immediate corridor features limited competing medical and service-oriented shop space, creating a built-in customer base driven by proximity, convenience, and essential services
DESTINATION TENANCY
• This medtail center benefits from its shadow-anchored positioning by capturing spillover traffic from the high-trafficked Walmart
• The medical tenant lineup creates a destination-based center that is not reliant on daily traffic counts
• Tenant lineup is perfectly suited for densely infill sprawl location away from major retail competition
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
19,200 SF
Building Class
B
Year Built/Renovated
2005/2012
Price
$3,850,000
Price Per SF
$200.52
Cap Rate
8.01%
NOI
$308,275
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.97 AC
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 07-7083-B0-0032C | Improvements Assessment | $690,120 |
| Land Assessment | $139,760 | Total Assessment | $829,880 |
Property Taxes
Parcel Number
07-7083-B0-0032C
Land Assessment
$139,760
Improvements Assessment
$690,120
Total Assessment
$829,880
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