Austin Peay Plaza is a well-established retail destination at 3250 Austin Peay Highway in Memphis, situated over a spacious ±11-acre lot offering ample surface parking. Positioned along Austin Peay Highway in Memphis, Tennessee, the property benefits from exceptional visibility with over 70,000 vehicles passing daily. Constructed in 1974, the center is currently 78.2% leased and is home to major tenants such as dd's DISCOUNTS, Citi Trends, and Crunch Fitness. The site features four exterior docks, a building height of 17 feet, and prominent signage opportunities, including a pylon sign and visibility at a signalized intersection.
Surrounded by national retailers such as Home Depot, Aldi, McDonald’s, and Smoothie King, the property benefits from consistent foot traffic and strong consumer engagement. The area’s demographic profile supports retail success, with a population of 170,000 people and a median household income of approximately $47,459 within a 5-mile radius. Area consumer spending is primarily broken down into apparel ($92,880,840), entertainment ($237,423,364), and food and beverages ($415,093,409). The surrounding community includes a mix of residential and commercial properties, contributing to a stable and active customer base.
Austin Peay Plaza is also accessible via public transportation and is located on a bus line, further enhancing its appeal to tenants and customers. With frontage of 548 feet on Austin Peay Highway and 463 feet on Coleman Road, each with curb cuts, this location offers excellent ingress and egress for vehicles and pedestrians. This is a prime opportunity for businesses seeking a high-traffic, well-positioned retail or office space in a thriving Memphis submarket.
Brandi Jordan
Safeway Group, Inc.
