Freestanding Memphis TN

Located at 5226 S Third Street/US-61 in Memphis, this Freestanding Retail building offers over 9,000 square feet of single-tenant space. Formerly occupied by Dollar General, the property features 30 parking spaces on site and excellent visibility along Highway 61, a major north–south road seeing up to 28,000 vehicles per day. Positioned just five miles from a major retail development featuring Walmart, Kroger, and Aldi, this property benefits from consistent and strong daily traffic and an established consumer base. This freestanding site is adaptive, flexible, and a great choice for businesses seeking retail space in South Memphis.

Memphis is the second most populated city in Tennessee and continues to see steady population growth within a five-mile radius of the property. Just six miles from Graceland, one of the city’s most visited tourist destinations attracting over 600,000 annual visitors, this building benefits from both local and visitor-driven traffic. 

Memphis also serves as a crucial industrial and logistics hub for the Southeastern United States, supported by the Mississippi River, five major freight railroads, and direct access to Interstates 40 and 55. Businesses looking for retail property in Memphis, Tennessee will gain exposure, regional commerce, and one of the country’s most connected markets with this Freestanding Retail building.

Commercial space in this Freestanding Retail building is generally suitable for anything from traditional retail storefronts and restaurants to offices to medical or other professional service providers.

Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!