7941 Winchester Rd
Memphis, TN 38125
Petsmart · Retail Property For Sale

Legend Investment Group is proud to offer qualified investors the opportunity to acquire a net leased PetSmart in Memphis, Tennessee. The property is located in the Centennial Crossing Shopping Center, a Costco and Lowe' s anchored shopping center. The center is located at the signalized intersection of Winchester Rd and Hacks Cross Rd with a combined traffic count of over 62,000 VPD. Other national tenants that occupy the center are Walgreen' s, Starbucks, and Verizon. Built in 2005, the building has an attractive façade and has been professionally managed and maintained. PetSmart has been the only tenant in this space since the center was constructed in 2005. PetSmart shares the space with their corporate partner Banfield Veterinary Pet hospital, which has over 800 clinics nationwide. The property is directly across the street from FedEx world headquarters with 4,000 employees. PetSmart is in the eleventh year of the initial 15 year lease term and has four 5 year options with rent increases every 5 years. Memphis is a city in the southwestern corner of the U.S. state of Tennessee and the county seat of Shelby County. The city is located on the fourth Chickasaw Bluff, south of the confluence of the Wolf and Mississippi rivers. Memphis had a population of 653,450 in 2013, making it the largest city in the state of Tennessee. It is the largest city on the Mississippi River, the third largest in the greater Southeastern United States, and the 23rd largest in the United States. The greater Memphis metropolitan area, including adjacent counties in Mississippi and Arkansas, had a 2014 population of 1,317,314. This makes Memphis the second-largest metropolitan area in Tennessee, surpassed by metropolitan Nashville. Memphis is the youngest of Tennessee' s major cities, founded in 1819 as a planned city by a group of wealthy Americans including judge John Overton and future president Andrew Jackson. A resident of Memphis is referred to as a Memphian, and the Memphis region is known, particularly to media outlets, as Memphis and the Mid-South.