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Aldi 785 Union Ave 27,800 SF 100% Leased Retail Building Memphis, TN 38103 $5,900,000 ($212.23/SF) 4.63% Cap Rate
INVESTMENT HIGHLIGHTS
- Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
- This property is just minutes from major landmarks like St. Jude Children’s Research Hospital, the University of Tennessee Health Science Center
- Located in the vibrant Medical District near the edge of Downtown Memphis
- Quick access to I-40, I-55, and I-240
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,800 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$5,900,000
Price Per SF
$212.23
Cap Rate
4.63%
NOI
$273,360
Percent Leased
100%
Tenancy
Multiple
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
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00-7028-0-0003C | Improvements Assessment | $1,255,680 |
| Land Assessment | $882,920 | Total Assessment | $2,138,600 |
PROPERTY TAXES
Parcel Number
00-7028-0-0003C
Land Assessment
$882,920
Improvements Assessment
$1,255,680
Total Assessment
$2,138,600
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Aldi | 785 Union Ave
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