1249 E Shelby Dr - Freestanding FOR SALE


Memphis, TN 38116
$3,795,000 USD
404-934-5558
1249 E Shelby Dr, Memphis, TN for Sale
$3,795,000 USD
Freestanding - FOR SALE
1/5
null | 6.85% Cap Rate

1249 E Shelby Dr
Memphis, TN 38116


HIGHLIGHTS

  • Rare freestanding prototype and relocation from the adjacent Southland Mall
  • Part of Foot Locker’s “lace up” plan | Retailers latest growth strategy which includes new store format focused on an off-mall presence
  • Short 5-minute drive to Graceland, the former home to The King of Rock ‘n’ Roll (500,000+ annual visitors)
  • Proximity to I-55, a major thoroughfare throughout Memphis, West Memphis and Mississippi
  • Less than 15 minutes to Memphis International Airport and FedEx World Hub
  • Wide trade area and limited competition - Caters to South Memphis, Whitehaven, Southaven, Oakville and Horn Lake

OVERVIEW

TSCG is pleased to offer for sale a brand new 10-year Foot Locker in Memphis, TN. This unique offering is a rare relocation site from the adjacent Southland Mall, proving its commitment to the market. Foot Locker is strategically located next to recently developed Starbucks and AutoZone, less than two miles from Interstate 55. Elvis Presley’s Graceland is a Memphis staple and attracts over 500,000 visitors annually. It is a Top 5 home tour in the US and is strategically positioned 2 miles north of the Property. Memphis International Airport (MEM) is home to the FedEx World Hub and is the 2nd busiest cargo airport in the world. MEM saw 4.8 million passengers in 2023 and is minutes to the Property.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Foot Locker - Relocation Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

07-9061-0-0201

ASK ABOUT THIS PROPERTY

404-934-5558

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404-934-5558

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