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3750 Forest Hill Irvine Rd
Germantown, TN 38125
The Learning Experience · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term NN Lease with 10% Rental Increases Every 5 Years & at Each of the Two, 5-Year Options | Minimal Landlord Responsibilities | Built in 2021
- Strong Demographics | Ideally Located in a No Income Tax State | High-Growth Suburb in Germantown | Population 46,000+ within a 3-Mile Radius
- Primely Located Directly Across from a 295+ Unit Multifamily Complex | Three Other Complexes in Immediate Surrounding Area Totaling Over 1,630+ Units
- Best-in-Class Tenant | Fastest-Growing Childcare Brand with 700+ Centers Open, Planned or Under Development in 36 States & Internationally
- Close Proximity to FedEx World Headquarters | Less than 1.8 Miles from the FedEx World Headquarters Campus
- Excellent Visibility & Access via Major Intersection | Positioned Just Off the Corner of Winchester Rd & Forest Hill Irene Rd (35,290+ Combined VPD)
EXECUTIVE SUMMARY
Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in The Learning Experience retail asset located at 3750 Forest Hill Irene Road, Germantown, Tennnessee. Constructed in 2021, the property is fully occupied by The Learning Experience on a long-term NN lease featuring 10% rental increases every five years starting in Year 11. Ideally situated in the rapidly expanding suburb of Germantown, the subject property is located less than two miles from the FedEx World Headquarters. The immediate surrounding area includes a Hyatt hotel, 1,630 multifamily units, and numerous corporate offices.
In Association With:
Brian Lane
TN Lic. #317400
In Association With:
Brian Lane
TN Lic. #317400
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2021
Price
$4,383,000
Price Per SF
$438.30
Cap Rate
6.75%
NOI
$295,797
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.91 AC
Zoning
O - Urban Center
Parking
57 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | G0-243-0-0548 | Improvements Assessment | $1,545,360 |
| Land Assessment | $146,040 | Total Assessment | $1,691,400 |
PROPERTY TAXES
Parcel Number
G0-243-0-0548
Land Assessment
$146,040
Improvements Assessment
$1,545,360
Total Assessment
$1,691,400
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