2286 N Germantown Pky - Freestanding FOR SALE
Cordova, TN 38016 |
2286 N Germantown Pky
Cordova, TN 38016
HIGHLIGHTS
- 100% Leased 2-Tenant Strip Center: Both Tenants are Original Since the Property was Built in 2014
- Secured by Corporate Triple Net (NNN) Leases: Projectable Income with Both Tenants Below Their CAM Caps; 20-Year Roof Warranty Transferable to Buyer
- Strong visibility and Access: Situated at a Signalized Intersection Along N Germantown Parkway (58,000+ VPD), Fust Off Interstate 40
- One of Memphis’ Premier Retail Corridors: Anchored by the Only IKEA in Tennessee, and one of only Two Costco Locations in Memphis
- Affluent and Growing Trade Area: Over 68,000 Residents and Average Household Incomes Nearing $100,000 within a 3-Mile Radius
- Ford’s $5.6 Billion BlueOval City: Under Construction in Northeast Memphis, Expected to add 6,000 Jobs to the Area
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
2-Tenant Net Leased Retail in Tennessee
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
6200
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
09-6500-0-0752
