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Getwell Crossing is a neighborhood strip center situated at the intersection of Getwell Road and Rhodes Avenue in East Memphis, Tennessee, within ZIP code 38111. Developed in 1956, the property encompasses approximately 37,595 square feet across 12 retail spaces, supported by 367 parking spaces on a 4.35-acre lot. Current occupancy hovers around 85-90%, featuring anchor tenants such as Family Dollar, Dollar Tree, Star Beauty Supply, and nearby Kroger supermarket, which contribute to consistent footfall.
The tenant mix emphasizes discount variety stores (40%), personal care and beauty services (30%), and quick-service food options (20%), with the remainder in general merchandise and professional services. This composition aligns with the local demand for affordable, everyday essentials. The surrounding demographics include a population of 43,308 residents, predominantly African American (over 70%), with a median age of 34 years and median household income of approximately $42,500.
Average household size is 2.5 persons, and the area has a high concentration of families in their late 20s to early 40s.
Accessibility is strong, with Getwell Road carrying over 28,000 vehicles per day (VPD) and proximity to Interstate 240 (1 mile away), facilitating regional draw. Public transit via MATA buses enhances reach for non-drivers.
Rent levels for available spaces range from $15 to $20 per square foot on a triple net (NNN) basis, competitive for secondary market neighborhood centers.
Leasing advantages include stable anchors generating reliable traffic (estimated 1,200-1,500 daily visitors) and a diverse resident base supporting resilient retail categories amid economic variability. However, challenges encompass the centers age-related maintenance needs, potential infrastructure upgrades, and competition from larger venues like Oak Court Mall (3 miles north) and White Station Crossing.
Memphis retail market shows 7-8% vacancy rates, with saturation in discount segments, though the centers convenience positioning mitigates some risks by serving immediate neighborhood needs.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics Profile
The ZIP 38111 area surrounding Getwell Crossing features 43,308 residents, with 72% identifying as African American and a median age of 34. Median household income stands at $42,500, below the national average, supporting demand for value-oriented retail. The population includes a significant share of households with children (35% under 18), driving needs for family essentials and discount goods. Proximity to the University of Memphis (2 miles east) adds a younger, student demographic, potentially boosting seasonal traffic. However, higher poverty rates (around 25%) may constrain discretionary spending, emphasizing the importance of low-price strategies for tenants.
Occupancy and Tenant Mix
Occupancy at Getwell Crossing is approximately 88%, with 10 of 12 spaces leased, including major tenants Family Dollar (10,000 SF) and Star Beauty (5,000 SF), which anchor the center and draw consistent footfall. The mix comprises 40% discount retail, 30% beauty and personal care, 20% food services, and 10% other conveniences, fostering synergy for complementary shopping. Available 4,000 SF inline space offers flexibility for small-format retailers. Operational quality is adequate, with recent parking resurfacing, but the 1956 build requires ongoing maintenance. This setup provides balanced risk through diversified tenants, though heavy reliance on budget categories exposes to economic downturns.
Market Factors and Risks
Getwell Crossing benefits from high accessibility via Getwell Roads 28,000 VPD and I-240 proximity, but faces competition from nearby power centers and enclosed malls, potentially diverting higher-end shoppers. Rent psf ($15-20 NNN) aligns with East Memphis averages, offering affordability for entry-level lessees. Regional retail vacancy is 8%, with saturation in variety stores, yet the centers neighborhood focus ensures steady local patronage. Aging infrastructure poses capex risks, and broader Memphis market challenges like logistics shifts could impact performance. Positive contextual factors include growing residential density in adjacent Sherwood Forest, supporting long-term viability.
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Memphis, TN
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