List Search

4651-4701 Knight Arnold Rd
Memphis, TN 38118 Parkway Village

Price Upon Request

Freestanding For Sale  •  145,678 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 145,678 SF
  • Lot Size 10.92 AC
  • Building Class C
  • Year Built 1970
  • Tenancy Multiple
  • Zoning C-P
20 Transit Score
50 Walk Score

Highlights

Village Plaza, at 4651-4701 Knight Road, is a well-established retail center anchored by Planet Fitness, Family Dollar, and AutoZone.
Located in a densely populated submarket, with more than 77K residents in a 3-mile radius, a desirable location for current and prospective tenants.
Value-add opportunity at 70% occupancy with a vacant big-box and endcap space – backfilling could generate over $163K in additional revenue.
Highly-trafficked corridor positioned at the busy intersection of Knight Arnold Road (16,458 VPD) and S Perkins Road (40,132 VPD).
Six of the seven tenants have operated on-site for over 10 years, demonstrating the stability of income and success of retail operations.
Investors have the opportunity to acquire the center at a highly attractive P/PSF, highlighting the strong value and upside potential of the asset.

Public Transportation

AirportDriveWalkDistance
Memphis International 13 min - 5.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 600
Type: Surface
Included in Rent: Yes
Alexander McDonald 615-727-8818 Berkeley Capital Advisors
Alexander McDonald 615-727-8818 Berkeley Capital Advisors