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Value-Add End Cap in Established Retail Hub 7980 US Highway 64 21,970 SF Vacant Retail Building Online Auction Sale Bartlett, TN 38133
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Highly visible end cap unit within a performing shopping center, offering an immediate occupancy or lease upside for a new owner.
- Direct frontage with exposure to over 32,000 passing daily vehicles and two convenient access points, with abundant on-site parking.
- Supported by a 5-mile population of more than 151,000 that delivers annual consumer spending of over $1.8 billion.
- Established retail hub with industry-leading shopping and dining brands alongside Wolfchase Galleria, offering 120+ upscale shops and restaurants.
- Strong leasing environment, with submarket retail vacancies of just 4.1% and asking rent growth of 2.5% over the past 12 months.
EXECUTIVE SUMMARY
Join one of Greater Memphis’ most sought-after commercial hubs with the value-add shopping center end cap available for auction at 7980 Stage Road in Bartlett, Tennessee. Delivered vacant, this versatile acquisition presents an immediate occupancy or leasing opportunity in a thriving retail environment.
Originally built in 1999, the property offers a large showroom end cap measuring 21,970 square feet, with potential to divide the space for multitenant use. The site enjoys a direct access point from Stage Road, with an abundance of on-site parking spaces, ensuring seamless access options for customers and employees.
This modern facility presents the ideal choice for a wide range of general retail, wholesale, and showroom businesses seeking to capitalize on strong visibility and proximity to traffic-driving retailers. Situated just off Highway 64 and the Intersection with N Germantown Parkway, 7980 Stage Road places businesses within a vibrant trade area brimming with industry-leading brands such as Walmart Supercenter, Target, Lowe’s, Starbucks, Chick-fil-A, Chipotle, Whataburger, Buffalo Wild Wings, and more. The area is also home to the Wolfchase Galleria, the area’s primary indoor mall with over 120 upscale stores and restaurants. This high-demand destination draws steady customer interest year-round, providing the property with fantastic daily exposure to more than 32,000 passing vehicles.
Situated within the Northeast Retail Submarket, the new owner of 7980 Stage Road will be able to leverage strong regional fundamentals to empower their leasing efforts. Currently, vacancies in the submarket sit at just 4.1%, demonstrating the stable interest in quality retail spaces such as the subject property. This increased demand has driven rents to rise by 2.5% over the past 12 months, with growth projected to continue in the upcoming years.
Establish a foothold in Northeast Memphis with this flexible retail center end cap offering strong leasing potential and prime visibility within a major shopping and dining hub at 7980 Stage Road.
Property tours are by appointment only. Please contact the listing broker to schedule.
Originally built in 1999, the property offers a large showroom end cap measuring 21,970 square feet, with potential to divide the space for multitenant use. The site enjoys a direct access point from Stage Road, with an abundance of on-site parking spaces, ensuring seamless access options for customers and employees.
This modern facility presents the ideal choice for a wide range of general retail, wholesale, and showroom businesses seeking to capitalize on strong visibility and proximity to traffic-driving retailers. Situated just off Highway 64 and the Intersection with N Germantown Parkway, 7980 Stage Road places businesses within a vibrant trade area brimming with industry-leading brands such as Walmart Supercenter, Target, Lowe’s, Starbucks, Chick-fil-A, Chipotle, Whataburger, Buffalo Wild Wings, and more. The area is also home to the Wolfchase Galleria, the area’s primary indoor mall with over 120 upscale stores and restaurants. This high-demand destination draws steady customer interest year-round, providing the property with fantastic daily exposure to more than 32,000 passing vehicles.
Situated within the Northeast Retail Submarket, the new owner of 7980 Stage Road will be able to leverage strong regional fundamentals to empower their leasing efforts. Currently, vacancies in the submarket sit at just 4.1%, demonstrating the stable interest in quality retail spaces such as the subject property. This increased demand has driven rents to rise by 2.5% over the past 12 months, with growth projected to continue in the upcoming years.
Establish a foothold in Northeast Memphis with this flexible retail center end cap offering strong leasing potential and prime visibility within a major shopping and dining hub at 7980 Stage Road.
Property tours are by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
DATA ROOM Click Here to Access
- Survey
- Tax Bills
- Environmental
- REA docs
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
21,970 SF
Building Class
C
Year Built
1999
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.10
Lot Size
5.00 AC
Parcel Number
B0158I B00052
Zoning
C-H - Highway Business Commercial
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
3,275
57,671
151,176
2020 Population
3,694
64,186
167,731
2029 Population
3,149
55,652
146,022
2024-2029 Projected Population Growth
-3.9%
-3.5%
-3.4%
Daytime Employees
12,976
32,299
61,194
Total Businesses
1,036
3,426
6,672
Average Household Income
$93,132
$100,876
$102,840
Median Household Income
$84,424
$84,045
$86,471
Total Consumer Spending
$38.2M
$700.7M
$1.9B
Median Age
35.9
38.6
37.9
2024 Households
1,279
22,131
58,320
Percent College Degree or Above
21%
20%
20%
Average Home Value
$262,992
$301,834
$319,075
NEARBY MAJOR RETAILERS
SALE ADVISORS
SALE ADVISORS
Evan Halkias, Executive Director
Evan Halkias was an Executive Director and co-leader of C&W’s Midwest Retail Capital Markets Team based in Chicago before coming to Nashville's office. With more than 19 years of experience, Evan has a retail specialty with a core focus in open-air shopping centers throughout the Midwest. Evan is a member of Cushman & Wakefield’s Retail Investment Advisor Group, which is a small contingent of agents across the country that lead client accounts on a national level. Evan and his team have facilitated more than $5 billion in capital markets transactions.
David Matheis, Associate Director
David Matheis is an Associate Director for the Retail Investment Advisory team of Cushman & Wakefield in Chicago representing clients in the sale and acquisition of commercial investment properties and advising on valuation, appropriate timing, and structure of sale. With 14 years of commercial real estate experience, David utilizes proprietary pricing models and detailed financial underwriting to help clients transact in the most favorable terms possible. He continuously researches capital market conditions and monitors the buying, selling and lending activity of retail properties, including anchored and unanchored open air shopping centers, neighborhood retail, and urban high street assets.
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AUCTION CONTACT
Pace Zambito
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add End Cap in Established Retail Hub | 7980 US Highway 64
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Value-Add End Cap in Established Retail Hub | 7980 US Highway 64
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