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Former Ashley Homestore 7951 Winchester Rd 49,548 SF Retail Building Memphis, TN 38125 $7,432,200 ($150/SF)
INVESTMENT HIGHLIGHTS
- High average household incomes over $122,000 in a 5 mile radius
- ±0.5 miles from Interstate 385 (Bill Morris Parkway) with 92,182 VPD
- Located in Centennial Crossing shopping center with national tenants such as Costco, Lowe’s, PetSmart, Walgreens, Starbucks, and more
- Directly across from the FedEx World Headquarters
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the opportunity to acquire a ±49,548 SF former Ashley Homestore located in the highly sought-after Centennial Crossing retail corridor. Surrounded by national tenants including Costco, Lowe’s, PetSmart, Walgreens, and Starbucks, the property benefits from exceptional visibility and strong consumer traffic along Winchester Road and Hacks Cross Road.
Positioned just ±0.5 miles from Interstate 385 and directly across from the FedEx World Headquarters, the site sits within one of Memphis’ most established and high-income trade areas, with average household incomes exceeding $122,000 within five miles. This offering provides investors with a rare opportunity to acquire a large-format retail building in a high-growth, high-demand submarket.
Positioned just ±0.5 miles from Interstate 385 and directly across from the FedEx World Headquarters, the site sits within one of Memphis’ most established and high-income trade areas, with average household incomes exceeding $122,000 within five miles. This offering provides investors with a rare opportunity to acquire a large-format retail building in a high-growth, high-demand submarket.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
49,548 SF
Building Class
B
Year Built
2005
Price
$7,432,200
Price Per SF
$150
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
4.97 AC
Zoning
CL
Parking
1,987 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
238’ on Winchester Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $964,600 | |
| Land Assessment | $919,320 | Total Assessment | $1,883,920 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$919,320
Improvements Assessment
$964,600
Total Assessment
$1,883,920
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Former Ashley Homestore | 7951 Winchester Rd
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