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Vacant Big Box | Close to Ikea/Costco 2281-2289 N Germantown Pky

60,833 SF Retail Building Cordova, TN 38016 $7,300,000 ($120/SF)

Investment Highlights

  • Countrywood Crossing Neighborhood Center
  • Close to Ikea and Costco
  • Extensive Frontage and Visibility
  • Quick Access to I-40 Intersection

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Big Box Retail within Countrywood Crossing Center, redevelopment property located in Cordova, Tennessee (Memphis MSA). The redevelopment opportunity provides future investors with an upside through leasing the property to a new tenant with long term at rent of market rate, while current MTM rent minimize the risk before converting to a new tenant.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
60,833 SF
Building Class
B
Year Built
2007
Price
$7,300,000
Price Per SF
$120
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
17.40 AC
Zoning
CA - Planned Development

Nearby Major Retailers

Cheddar's Scratch Kitchen
Mayweather Boxing + Fitness
Pei Wei
Waffle House
Jim ’N Nick’s Bar-B-Q
Jazzercise
Joe's Crab Shack
WW
On The Border Mexican Grill
Huey's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-6500-0-0721
Land Assessment
$2,651,080
Improvements Assessment
$4,108,920
Total Assessment
$6,760,000
  • Listing ID: 31094535

  • Date on Market: 3/1/2024

  • Last Updated:

  • Address: 2281-2289 N Germantown Pky, Cordova, TN 38016

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