Log In/Sign Up
Your email has been sent.
1364 Cordova Cv 3,951 SF Office Building Germantown, TN 38138 $1,823,538 ($461.54/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Highlights: 10-year NNN sale leaseback with 2% annual increases – providing long-term stability and predictable income growth
- Dense Medical Corridor: Situated in a thriving medical hub with traffic counts exceeding 42,900 VPD at the intersection of Germantown Parkway & Wolf R
- Purpose-Built: Recently completed custom renovation featuring premium finishes, dedicated surgical suites, and advanced aesthetic treatment rooms
- Prime Location: Ranked the #1 Best Suburb to Live in the Memphis Area (Niche.com)
- Strong Demographics: Median household income of $167,875+ within a 3-mile radius, reflecting an affluent and growing patient base (U.S. Census Bureau)
- Experienced Physician: Tenant led by a highly credentialed plastic surgeon with multiple years of private practice experience
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
3,951 SF
Building Class
A
Year Built/Renovated
1993/2024
Price
$1,823,538
Price Per SF
$461.54
Cap Rate
6.50%
NOI
$118,530
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,951 SF
Building FAR
0.22
Lot Size
0.42 AC
Zoning
0G
1 1
PROPERTY TAXES
| Parcel Number | G0-220J-L0-0002 | Improvements Assessment | $65,160 |
| Land Assessment | $136,680 | Total Assessment | $201,840 |
PROPERTY TAXES
Parcel Number
G0-220J-L0-0002
Land Assessment
$136,680
Improvements Assessment
$65,160
Total Assessment
$201,840
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1364 Cordova Cv
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.