1926 Exeter Rd 2,200 SF 100% Leased Office Building Germantown, TN 38138 $1,152,043 ($523.66/SF) 7% Cap Rate

Offered at $1,152,042, this investment presents a 7.00% going-in cap rate based on an in-place NOI of $80,643. Priced at $524/SF, the property is a fully stabilized, two-tenant office building located in the heart of Germantown. The asset is 100% occupied with professionally leased tenants under a true NNN structure, providing a turnkey, management-light investment opportunity. With 2.2 years of remaining lease term, the property offers an attractive in-place yield of 7.00%, with built-in rental growth projected to increase returns to 7.32% by Year 3, creating clear upside in both cash flow and future valuation.