Log In/Sign Up
Your email has been sent.
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
Contacts
-
Sandy Aron -
Jonathan Aron -
Jeffrey Aron -
Andrew Wright -
Hunington Properties, Inc.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Aldi | 785 Union Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.