Stephen Hoffman- Affiliate Broker for Myers Commercial Real Estate

03/06/2026

From store growth and retail absorption to rents, valuations, investment momentum and construction starts, these expert forecasts outline what’s ahead for retail real estate in 2026.

03/06/2026

targets 350–360 new stores for 2026 while navigating LIFO impacts and accelerated SG&A investments (NYSE:AZO) | Seeking Alpha

AutoZone (AZO) Q2 2026 earnings call recap: sales and comp growth, commercial momentum, LIFO/margin headwinds, and store expansion outlook—read now.

12/06/2023

This is not my listing but a friend's office for sale and I would be happy to connect you with this great office property in East Memphis with lots of parks and add-on ability!

Office property for sale at 1061 W Rex Rd, Memphis, TN 38119. Visit Crexi.com to read property details & contact the listing broker.

09/10/2023

New Leonard's Pit Barbecue location open in Cordova! Go get some of Memphis' best que!

08/29/2023

Office spaces available from 775-1800 sq ft in East Memphis. Great for smaller businesses! Roll up doors in back. Reach out for more info.

08/21/2023

A small profitable restaurant is for sale in the Memphis area. It includes Name, FF&E, has a drive-thru, and is well known in its area. 2 years left on its lease with an extension available. Please reach out directly for more information and interest!

08/18/2023

Not only is Leonard's Pit Barbecue some of my favorite bbq in Memphis, but it continues to be under great stewardship changing hands from the amazing Mr. Dan Brown to Wendy & Co. I am proud to have helped in that transition and look forward to having more Leonard's around. Fantastic ribs, pork sandwiches, & catfish!

08/03/2023

"Responsible investment in commercial real estate requires a thorough understanding of the bond market.

Commercial real estate cap rates (yields), simply compete with other financial products that provide income, and people always shift to investing in whatever pays them the most risk-adjusted income.

And it happens quickly.

Think of how fast you shifted from your savings account to a high-yield money market, CD, or bond this year? It took you minutes, it was a no-brainer.

We are in a climate where bond rates are climbing substantially as governments continue to turn to issuing bonds in order to pay off creditors and keep up with rising costs.

The government needs to keep raising money, lots of it, and there is no end in sight.

Commercial real estate owners are convinced that the increase in rates will not last long, but signs simply point otherwise.

Recency Bias (placing too much emphasis on the trends of the last 5-10 years) is heavily impacting their decisions, and it's objectively irrational.

Many bought properties at 4% and 5% cap rates, and the only way to justify their decision now is to tell themselves that the rate rise is temporary and that those cap rates are coming back.

It's a self-preservation technique, and is counter to rational investing. The fact is, their equity is wiped out.

I am not here to make predictions, never have been, but I relay what I see as playing out, and what is actually happening on the ground.

Our team is underwriting exit cap rates based on the fact that commercial real estate is a financial tool that provides yield, and based on the fact rational investors know commercial real estate comes with inherent risk.

It's happening slowly, but the market is going back to understanding you need a spread between the cap rate and the borrowing rate.

In an environment where it costs 7% to borrow, a 50 to 250 basis point spread (depending on the asset characteristics) is required in order for the purchase of a stabilized property to make financial sense.

Yes, that means 9% cap rates for class B properties in secondary markets. Yes, it means 7.5% cap rates for class A properties in prime markets.

We should be there now. We are not, but we are clearly headed that way.

The people who think otherwise are making economic bets counter to what is happening.

If they could successfully make those bets, there are much easier ways for them to make big money without messing with a complicated asset class like real estate.

The new reality is here.

If you don't see it, your eyes are closed.

Invest accordingly." -

I wish I could chop this up and put it in my own words, but I honestly couldn't have said it any better myself.

07/26/2023

Unbeatable frontage in Hickory Hill, I have a 1300 sf former tax office about to vacate at the corner of Wi******er & Riverdale. The rest of this office strip is fully leased with long-time tenants. DM for more info or interest!

07/24/2023

I have 2 newly renovated office spaces for lease in East Memphis off Wi******er. Both are 775 sf with a reception area, 2 offices, bathroom, and small break area. DM or text me for more info!

07/17/2023