5339 Elvis Presley Boulevard, Memphis, TN 38116 For Sale

WALMART SHADOW CENTER | MEMPHIS, TN

• This property is a 20,000 SF Walmart shadow-anchored center located in the suburbs of Memphis, TN

• 100% occupied Medtail tenant lineup

• Veteran tenant mix with a 14+ year average tenant tenure

• Recent leasing momentum provides in-place rent comps

• Dense suburban location creates a built-in customer base

MEDTAIL LINE-UP | SEASONED TENANCY

• Medtail tenant mix featuring Beauty Land (long-term operator) and medical/servicebased shop tenants

• Proven long-term operators with an average tenant tenure of 14+ years

• Anchored by a well-performing Walmart Supercenter that sees 2.2 million visits per year

• Recent lease with Mt. Pain & Injury executed at $16 PSF – providing in-place rent comps

SERVING DENSE NEIGHBORHOOD AREA | 136K 5-MILE POP

• Prime frontage on Elvis Presley Blvd with immediate access to I-55 (97K VPD)

• The center serves a densely populated neighborhood area with 136,000 residents in a 5- mile radius, providing consistent foot traffic

• The immediate corridor features limited competing medical and service-oriented shop space, creating a built-in customer base driven by proximity, convenience, and essential services

DESTINATION TENANCY

• This medtail center benefits from its shadow-anchored positioning by capturing spillover traffic from the high-trafficked Walmart

• The medical tenant lineup creates a destination-based center that is not reliant on daily traffic counts

• Tenant lineup is perfectly suited for densely infill sprawl location away from major retail competition