Aldi 785 Union Ave 27,800 SF Retail Building Memphis, TN 38103 For Sale
INVESTMENT HIGHLIGHTS
- Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
- Quick access to I-40, I-55, and I-240
- 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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,800 SF
Building Class
B
Year Built
1999
NOI
$273,360
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
2.45 AC
Opportunity Zone
Yes
Zoning
IL - Light Industrial zoning
Parking
200 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
6,122 SF Retail Space in Aldi Anchored Building in the Fast-Growing Medical District.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,122 SF | Retail | End Cap | 30 Days |
1st Floor
| Size |
| 6,122 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00-7028-0-0003C | Improvements Assessment | $863,160 |
| Land Assessment | $710,040 | Total Assessment | $1,573,200 |
