3505-3619 Riverdale Rd - Retail FOR SALE
Memphis, TN 38115 |
3505-3619 Riverdale Rd
Memphis, TN 38115
HIGHLIGHTS
- Shadow-anchored by The Home Depot, providing an advantageous, regional consumer draw immediately adjacent to the Property
- High-traffic position in Memphis at the Riverdale Rd exit from Bill Morris Pkwy (TN-385) accommodating 114,232 VPD
- Currently occupied by 85.4% national and regional retailers, bolstered by national anchors, including Ross, dd’s Discounts, Conn’s HomePlus, & more
- Significant, recent leasing momentum, highlighted by a new 10-year lease with Five Below (through 2032), and two recent 10-year leases
- Strong retail fundamentals, characterized by excellent visibility, prominent signage, abundant ingress/egress, ample parking, a signalized entrance
- Valuable opportunity to continue to grow the NOI via the lease-up of 44,292± SF of available space, representing roughly 16.85% of the total GLA
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Cross Creek
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
248219
STORIES
1
YEAR BUILT
1999
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
09-3500-0-0562
