Property Highlights

• Freestanding Retail Building | ±0.92 AC | Built in 2002
• High Traffic Counts – Strong visibility and access along Coleman Rd with approximately 22,000 VPD.
• Excellent Access – Conveniently located just 5 minutes from I-240.
• Strong Retail Corridor – Nearby traffic drivers include ALDI, Kroger, Sonic, Wendy’s, KFC, and Taco Bell.
• Solid Population Density – Over 43,000 residents within the 38128 zip code support a steady local consumer base.
• Flexible Value-Add & Owner-User Potential – Ideal opportunity for repositioning, redevelopment, or owner occupancy.
• Favorable Zoning – Zoned CMU-2, allowing for a wide range of retail, office, medical, and service uses.
• Adaptive Reuse Opportunity – Existing open-box layout provides flexibility for various business concepts.

Upside Highlights

• NNN Lease Potential- Well-suited for an Absolute NNN or Double-Net lease structure, allowing expenses such as taxes, insurance, and CAM to be passed through to the tenant.
• Low Cost of Entry- Market lease rates in the area average around $7.00/SF/YR NNN, creating an attractive opportunity for operators and franchisees expanding into Northeast Memphis.
• No Restrictive Outparcel Covenants – Freestanding 0.92-acre site offers flexibility for tenant use, signage, and operating hours without restrictive REA approvals.