3245 Austin Peay Hwy, Memphis, TN 38128

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Building Details:

3245 Austin Peay Hwy is located in Memphis, TN.

This is a nicely located 10,500 SF multi-tenant retail center, built in 1989. Features include a new looking brick façade, air conditioning units and roof under four years old, and solid income from strong, multi-location operating tenants. CMU-2 Zoning.

Two long-standing tenants in place currently produce strong income figures. Inquire for more information.

Strategically located at the NE Corner of Austin Peay Hwy and Coleman Rd, this property features strong traffic counts, has good access to I-40, and is a retail hub serving the Raleigh area. 2012 Average Vehicles Per Day were 38,552 VPD on Austin Peay and 10,757 on Coleman Rd.

Raleigh has seen a flurry of commercial activity over the last 12 months, with the Raleigh Springs Mall changing hands and a large majority of the fast food franchises in the area purchasing their own parcels (from NNN Ground Lease property owners). These two factors suggest solid performance metrics for the Raleigh area retail market, and this particular location has kept strong tenants from the outset.