Marcus & Millichap is pleased to present Byhalia Crossing, a 100% leased,
43,490-square-foot multi-tenant retail center of three buildings and ten
suites along South Byhalia Road, just south of the signalized West Poplar
Avenue intersection in Collierville, Tennessee. Offered as a leasehold
interest in the improvements only, with the underlying land held under
a ground lease running through 2074, the center delivers a 9.6% going in
return on a diversified, service-weighted roster spanning medical,
personal-care, fitness, food-and-beverage, and specialty retail uses.
Something Special Furniture & Decor anchors the roster, which carries
staggered expirations extending to 2033.
Positioned within Collierville, one of metropolitan Memphis’s most
affluent and lowest-vacancy retail submarkets, the property benefits
from a three-mile median household income of roughly $130,000 and
strong corridor traffic, with ±25,200 VPD along S Byhalia Road and
±24,700 VPD on W Poplar Avenue. Priced at $82.43 per square foot, the
center is surrounded by national anchors including Walmart, Target,
Academy Sports, Harbor Freight, and Kroger.