1364 Cordova Cv - Medical FOR SALE


Germantown, TN 38138
$1,823,538 USD
662-234-4044
1364 Cordova Cv, Germantown, TN for Sale
$1,823,538 USD
Medical - FOR SALE
1/2
null | 6.5% Cap Rate

1364 Cordova Cv
Germantown, TN 38138


HIGHLIGHTS

  • Investment Highlights: 10-year NNN sale leaseback with 2% annual increases – providing long-term stability and predictable income growth
  • Prime Location: Ranked the #1 Best Suburb to Live in the Memphis Area (Niche.com)
  • Dense Medical Corridor: Situated in a thriving medical hub with traffic counts exceeding 42,900 VPD at the intersection of Germantown Parkway & Wolf R
  • Strong Demographics: Median household income of $167,875+ within a 3-mile radius, reflecting an affluent and growing patient base (U.S. Census Bureau)
  • Purpose-Built: Recently completed custom renovation featuring premium finishes, dedicated surgical suites, and advanced aesthetic treatment rooms
  • Experienced Physician: Tenant led by a highly credentialed plastic surgeon with multiple years of private practice experience

OVERVIEW

Randall Commercial Group, LLC is pleased to present an exceptional medical sale-leaseback opportunity in Germantown, Tennessee—the premier suburb of Memphis. The property will be leased back to the tenant under a new 10-year absolute NNN lease commencing at closing, with 2% annual rent increases and three (3), five (5) year renewal options. Strategically positioned just off Germantown Parkway near Wolf River Boulevard, the site benefits from traffic counts exceeding 42,900 vehicles per day. The practice is ideally located within a dense, highly desirable medical hub surrounded by complementary providers, national retailers, and professional services along this major commercial corridor.

FOR SALE DETAILS

PRICE

$1,823,538 USD

PRICE/SF

$450 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

0G

APN/PARCEL ID

G0-220J-L0-0002

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.