615-727-8818
4651-4701 Knight Arnold Rd
Memphis, TN 38118
Parkway Village
HIGHLIGHTS
- Village Plaza, at 4651-4701 Knight Road, is a well-established retail center anchored by Planet Fitness, Family Dollar, and AutoZone.
- Located in a densely populated submarket, with more than 77K residents in a 3-mile radius, a desirable location for current and prospective tenants.
- Value-add opportunity at 70% occupancy with a vacant big-box and endcap space – backfilling could generate over $163K in additional revenue.
- Highly-trafficked corridor positioned at the busy intersection of Knight Arnold Road (16,458 VPD) and S Perkins Road (40,132 VPD).
- Six of the seven tenants have operated on-site for over 10 years, demonstrating the stability of income and success of retail operations.
- Investors have the opportunity to acquire the center at a highly attractive P/PSF, highlighting the strong value and upside potential of the asset.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
National Tenant Memphis Retail Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
600
LAND DETAILS
CROSS STREETS
Perkins Rd
LAND ACRES
10.92 AC
LAND SF
475,675 SF
ZONING
C-P
APN/PARCEL ID
07-3071-0-0065
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615-727-8818
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615-727-8818
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