$5,900,000 USD
713-823-1100
785 Union Ave
Memphis, TN 38103
Medical District
HIGHLIGHTS
- Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
- Located in the vibrant Medical District near the edge of Downtown Memphis
- This property is just minutes from major landmarks like St. Jude Children’s Research Hospital, the University of Tennessee Health Science Center
- Quick access to I-40, I-55, and I-240
FOR SALE DETAILS
PRICE
$5,900,000 USD
PRICE/SF
$216 USD /SF
CAP RATE
4.63%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Aldi
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
2.45 AC
LAND SF
106,722 SF
ZONING
IL
APN/PARCEL ID
00-7028-0-0003C
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713-823-1100
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713-823-1100
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