The Home Depot storefront adjacent to Cross Creek in Memphis, TN
Anchored Investment Opportunity

Cross Creek

3505-3619 Riverdale Rd | Memphis, TN 38115

Confidential Offering Memorandum

Ross Dress for Less storefront at Cross Creek
Five Below storefront at Cross Creek
dd's DISCOUNTS storefront at Cross Creek
257,701± SF
Offering GLA
26.22± AC
Land Area
94.15%
Occupancy
1999/2019/2020/2025
Years Built/Ren.
Market to Establish
Price
$1,974,956
NOI

Shadow

The Home Depot logo

Anchor Tenants

Ross Dress for Less logo
dd's DISCOUNTS logo
Five Below logo
Fun City logo
Pickleball Kingdom logo

National Tenants

CATO logo
Lenny's Grill & Subs logo
Shoe Show logo
GNC logo

Cross Creek

Offering Introduction

Matthews™, as exclusive broker, is pleased to present the opportunity to acquire Cross Creek, a 257,701± SF community center shadow-anchored by Home Depot, and anchored by Ross, dd's DISCOUNTS, Five Below, Fun City, and Pickleball Kingdom - ideally situated at the highly trafficked Riverdale Rd exit from Bill Morris Pkwy (TN-385) in Memphis, TN.

Aerial view of Cross Creek shopping center

Cross Creek

Investment Highlights

Extremely high traffic position (191,260 VPD) in Memphis, with convenient regional access

Situated at the Riverdale Rd exit from Bill Morris Pkwy (TN-385), just minutes south of Germantown - the most affluent enclave within the Memphis MSA

Surrounded by beneficial national ancillary and outparcel fast-casual restaurants, QSRs, fuel centers, banks, pharmacies and more

Counting Liberty Bank (included), Starbucks, Chick-Fil-A, Smoothie King, Exxon, Century Carwash, IHOP, Krystal, McDonald's, Walgreen's, and Burger King

Shadow-anchored by The Home Depot, which has been at the location for over 30 years

Providing a long-established, regional consumer draw, which compliments the tenants at Cross Creek

Strong, recent leasing momentum at the Property includes the addition of two rapidly expanding national anchors and a national outparcel tenant

Fun City, Pickleball Kingdom, and Liberty Bank – characterized by long-term leases through 2035, occupying a total of 80,800+/- SF

Anchored by a synergistic mix of proven, low-cost providers, including Ross, dd's Discounts, and Five Below

Making Cross Creek a one-stop shopping destination for value-minded consumers

Marked by strong retail fundamentals, which have fortified the center's long term viability over the last 27 years

Including phenomenal visibility, prominent signage, abundant ingress/egress, cross parking and access with regional consumer draw – Home Depot, a signalized main entrance, ample parking, and a pin corner position at two high traffic corridors, accessing 72,790 VPD

Location Attributes

Memphis, TN

Located on the Mississippi River in southwest Tennessee, Memphis is the largest city in West Tennessee and serves as the logistics capital of North America. Home to the global headquarters of FedEx, AutoZone and International Paper, the city anchors a diverse economy spanning transportation, healthcare, advanced manufacturing and life sciences. Memphis boasts the fifth-largest inland port in the U.S. and one of the world's busiest cargo airports through the FedEx Express SuperHub. World-renowned institutions including St. Jude Children's Research Hospital continue to drive medical innovation, while the city's rich musical heritage, thriving tourism industry and strategic central location make Memphis one of the Southeast's most important economic centers.

Beale Street in Memphis at nightMemphis skylineMemphis riverfront park

Top Industry Sectors

  • Healthcare
  • Logistics & Distribution
  • Advanced Manufacturing
  • Business Services
  • Education
  • Agribusiness

Fortune 500 World Headquarters

  • FedEx
  • International Paper
  • AutoZone

Major Area Employers

  • Methodist Le Bonheur Healthcare
  • St. Jude Children's Research Hospital
  • Baptist Memorial Health Care
  • First Horizon
  • Kroger
  • University of Memphis
FedEx logo
International Paper logo
AutoZone logo
University of Memphis logo

19,650+

Students

300+

Degree Programs

2,500+

Faculty & Staff

18

NCAA Division I Teams

FedEx Global Headquarters

Just 2.5 miles from Cross Creek, FedEx's Corporate Headquarters are located within the heart of Memphis, along with the 89-AC FedEx Express World Headquarters and FedEx's World Super-Hub – a massive facility at Memphis International Airport. The company just filed (in July 2026) for a $18.1M permit to add a 51,500-square-foot expansion to its International Priority Freight Shipment Facility at the Memphis World Hub, slated for completion by summer 2028.

FedEx logo

#1 Employer in Memphis

35,000 Memphis Area Employees

$126B Global Economic Impact

Major Healthcare Hub

St. Jude Children's Research Hospital logo

St. Jude Children's Research Hospital

St. Jude's Children's Research Hospital is a world-renowned pediatric treatment facility founded in 1962. Families never receive a bill for treatment, travel, housing, or food. Every year the PGA Tour hosts the FedEx St. Jude Championship as part of the PGA Tour's FedEx Cup Playoffs – a tournament which has raised over $80 million for the children's hospital since the partnership began.

Baptist Memorial Health Care logo

Baptist Memorial Health Care

Baptist Memorial Hospital-Memphis is the flagship hospital for Baptist Memorial Healthcare – one of the largest healthcare systems in the U.S. Ranked the #2 hospital in Tennessee by U.S. News & World Report, the facility operates 706 beds on its 80-AC campus, serving as a major referral center for patients across the Mid-South. According to HealthGrades, Baptist Memphis' cardiac surgery, stroke, gastrointestinal, pulmonary and critical care programs have been ranked among the top 5% in the country.

Le Bonheur Children's Hospital logo

Le Bonheur Children's Hospital

Founded in 1952 by the Le Bonheur Club, Le Bonheur Children's Hospital is a 276-bed top-ranked comprehensive pediatric medical facility, which treats over 250,000 children annually through specialized care, regional clinics, and academic partnership with the University of Tennessee Health Science Center.

Methodist Le Bonheur Healthcare logo

Methodist Le Bonheur Healthcare

Methodist University Hospital is a 600-plus-bed academic teaching facility, a comprehensive medical center, and part of the Methodist Le Bonheur Healthcare system, which serves as a major partnership hub with the University of Tennessee Health Science Center. It has consistently been ranked the best regional hospital in Memphis by U.S. News & World Report for over a decade.

Center for Higher Education

University of Memphis logo

19,650

Students

University of Memphis

Rhodes College logo

2,000

Students

Rhodes College

Christian Brothers University logo

1,775

Students

Christian Brothers University

Market

Aerial

Cross Creek is strategically positioned within an extremely high traffic, regional consumer corridor just over 2 miles from FedEx World Headquarters; accessing over 191,000 combined VPD in conjunction with major nearby draws like Costco, Sam's Club, Walmart, The Home Depot, Lowe's, and more.

Market aerial highlighting Cross Creek, surrounding retail centers, hospitals and major employers

Property Attributes

Shadow-Anchored by Adjoining & Long-Established Home Depot

  • 30 Yrs of Tenure
  • Institutionally-Owned
  • Strategic Market Position

Adjoining Cross Creek and sharing cross access with the Center is a Home Depot with 30 years of tenure at the location. Institutionally-owned by a publicly-traded REIT, The Home Depot at Cross Creek drives a valuable, regional consumer draw as the only Home Depot store located along heavily trafficked Bill Morris Pkwy (TN-385) and the closest store for high profile nearby communities, like Germantown.

The Home Depot store exterior adjoining Cross Creek

Uniquely High Traffic Location

Situated at the signalized pin corner of Winchester Rd and Riverdale Rd, the tenants at Cross Creek benefit from phenomenal surface road traffic, exceeding 191,000 VPD. Winchester Rd runs east and west through the city, between Memphis International Airport and FedEx's World Headquarters campus, Nike's Memphis Distribution Center, and major suburbs like Collierville. Riverdale Rd runs north and south, becoming TN-305 and connecting with Olive Branch, MS 7 miles south of the Property.

34,790 VPD

Winchester Rd

38,600 VPD

Riverdale Rd

117,870 VPD

Bill Morris Pkwy (TN-385)

Strong Retail Fundamentals

Excellent Visibility

Prominent Signage

Signalized Main Entrance

Pin Corner Position

Abundant Access

Ample Parking Field

Centrally Positioned with Convenience to Affluent Enclaves & Major City Destinations

Cross Creek boasts a central, high traffic position within the market, making it an easily accessible shopping destination for both neighborhood consumers and residents throughout the Memphis community. Situated at the Riverdale Rd exit from Bill Morris Pkwy, the Property is immediately accessible to 117,870 VPD traveling along TN-385 – a major city artery which connects I-240/I-40 – Memphis' inner perimeter interstate – with I-269, which surrounds the outer MSA.

2.5 MILES

FedEx Global HQ

(9 Min.)

9.5 MILES

Memphis International Airport

(15 Min.)

7 MILES

Baptist Memorial Hospital

(10 Min.)

9 MILES

University of Memphis

(15 Min.)

4 MILES

Germantown

(10 Min.)

Trade Area Overview

Memphis, TN

Situated along the Mississippi River at the intersection of I-40, I-55, and I-240, Memphis is the largest city in West Tennessee and serves as the commercial center of a nine-county metropolitan area with a population of roughly 1.34 million. Its location at the heart of the mid-South makes it a hub for retail, distribution, and employment, drawing from West Tennessee, North Mississippi, and East Arkansas. Home to the global headquarters for FedEx, which has made Memphis International the busiest cargo airport in North America and second busiest in the world, Memphis also boasts one of the nation's largest trucking corridors and inland river ports. Equally important to the local economy is healthcare, which accounts for roughly one in nine local jobs across 19 hospitals with more than 4,000 beds, including St. Jude Children's Research Hospital and the University of Tennessee Health Science Center. The city is also home to the University of Memphis, which serves approximately 22,000 students and generates nearly $1 billion in annual economic impact, supporting nearly 10,000 regional jobs.

Market Positioning - High Traffic Crossroads

Boasting a truly regional location in the market, Cross Creek benefits from its excellent accessibility for both community traffic and regional commuters alike. Situated at the busy intersection of Winchester Rd (34,790 VPD) and Riverdale Rd (38,600 VPD), the Property is ideally positioned at the Riverdale Rd exit from Bill Morris Pkwy (TN-385) – a major Memphis commuter corridor which connects I-269 with I-240, accommodating an additional 117,870 VPD.

Cross Creek's location is just 4 miles from affluent Memphis enclaves, like Germantown. Just seconds from S Germantown Rd, the Property is a 10-minute drive due south from the community, providing the closest Ross store and major family entertainment destinations like Pickleball Kingdom and Fun City, for Germantown residents.

Additionally, the Center anchors a regional retail and entertainment corridor which is also home to the only TopGolf in Memphis, and consumer draws like Sam's Club, Costco, Walmart Supercenter, Dick's, LA Fitness, Burlington, PetSmart, Kroger, Lowe's, Ashley, and FedEx's World HQ campus – all within just over 2 miles of Cross Creek.

Memphis, TN Market Trends

4.3%

Vacancy Rate

$17.17

Avg. Market Rent

3.2%

12 Mo. Rent Growth

Southeast (Memphis) Submarket Overview

5.7%

Vacancy Rate

$14.41

Avg. Market Rent

3.5%

12 Mo. Rent Growth

Aerial view of Cross Creek

Tenant Highlights

Synergistic Discount-Centric Anchor Mix

Cross Creek is anchored by a complimentary mix of discount-oriented, national retailers, including Ross, dd's Discounts, and Five Below, which make the Center a one-stop shopping destination for value-minded consumers. With 18 years of established success at the Property, Ross added dd's in 2018 and Five Below followed in 2021, boasting a store that ranks in the top 17% (289 of 1,672) nationally and 1 of 4 in the city of Memphis.

Ross Dress for Less logo
dd's DISCOUNTS logo
Five Below logo
Five Below and dd's DISCOUNTS storefronts at Cross Creek

Five Below Store Performance

Five Below logo

#289 of 1,672 in the U.S.

Top 17%

#12 of 47 in TN

Top 23%

Significant Leasing Momentum

The tenant roster at Cross Creek has been significantly bolstered, over the last year, by the addition of rapidly expanding national anchors – FunCity and Pickleball Kingdom – occupying a total of 77,300+/- SF on long-term leases through 2035. FunCity Adventure Park has over 100 locations nationally with a variety of family entertainment, including trampolines, laser tag, foam pits, bumper cars, arcades, ninja courses, party rooms, and more. Pickleball Kingdom is the world's largest indoor pickleball entity. The Cross Creek location provides 17 state-of-the-art courts, professional coaching and clinics, youth programs, corporate events, and leagues and tournaments.

FunCity Adventure Park storefront at Cross Creek

Fun City

New Lease Thru 2035

30,000+/- SF

Pickleball Kingdom storefront at Cross Creek

Pickleball Kingdom

New Lease Thru 2035

42,300+/- SF

71% Current National Tenant Roster

With the recent addition of rapidly expanding national anchors – Fun City and Pickleball Kingdom - the existing tenant roster at Cross Creek is occupied by a synergistic mix of roughly 71% national tenants: including complimentary shops like Shoe Show, Lenny's, GNC, and CATO.

Fun City logo
Pickleball Kingdom logo
Shoe Show logo
Lenny's Grill & Subs logo
GNC logo
CATO logo

Surrounded by Beneficial Ancillary & Outparcel Consumer Draws

The Center benefits from a high traffic position, surrounded by national QSRs, fast-casual restaurants, fuel centers, banks, and pharmacies, which draw consumers to Cross Creek throughout the day, for an assortment of retail needs. Included in the offering, Liberty Bank occupies a 3,500+/- SF outparcel with a new, 10-yr lease through 2035.

  • Starbucks
  • Chick-fil-A
  • Smoothie King
  • Exxon
  • IHOP
  • Krystal
  • McDonald's
  • Burger King
  • Walgreens
  • Liberty BankIncluded

Exclusively Listed By

Cross Creek

3505-3619 Riverdale Rd | Memphis, TN 38115

Anchored Investment Opportunity

Kyle Stonis, CCIM

Senior Vice President

(770) 329-5065kyle.stonis@matthews.com

License No. 317867 (TN)

Pierce Mayson

Senior Vice President

(770) 241-2232pierce.mayson@matthews.com

License No. 306418 (GA)

Jeff Enck

Senior Vice President

(404) 849-1631jeff.enck@matthews.com

License No. 210921 (GA)

Boris Shilkrot

Associate Vice President

(205) 561-8744boris.shilkrot@matthews.com

License No. 391741 (GA)

Debt Contact

Andrew Marcus

First Vice President

(201) 787-6030andrew.marcus@matthews.com

Broker of Record

Hutt Cooke

License No. 1429211 (TN)

Firm No. 263667 (TN)