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2286 N Germantown Pky
Cordova, TN 38016
2-Tenant Net Leased Retail in Tennessee · Retail Property For Sale
Investment Highlights
- 100% Leased 2-Tenant Strip Center: Both Tenants are Original Since the Property was Built in 2014
- Strong visibility and Access: Situated at a Signalized Intersection Along N Germantown Parkway (58,000+ VPD), Fust Off Interstate 40
- Affluent and Growing Trade Area: Over 68,000 Residents and Average Household Incomes Nearing $100,000 within a 3-Mile Radius
- Secured by Corporate Triple Net (NNN) Leases: Projectable Income with Both Tenants Below Their CAM Caps; 20-Year Roof Warranty Transferable to Buyer
- One of Memphis’ Premier Retail Corridors: Anchored by the Only IKEA in Tennessee, and one of only Two Costco Locations in Memphis
- Ford’s $5.6 Billion BlueOval City: Under Construction in Northeast Memphis, Expected to add 6,000 Jobs to the Area
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,200 SF
Building Class
B
Year Built
2014
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 AC
Zoning
PD - Planned Development
Parking
53 Spaces (8.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 09-6500-0-0752 | Improvements Assessment | $837,960 |
| Land Assessment | $378,280 | Total Assessment | $1,216,240 |
Property Taxes
Parcel Number
09-6500-0-0752
Land Assessment
$378,280
Improvements Assessment
$837,960
Total Assessment
$1,216,240
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