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- LoopNet Team
731 N Germantown Pkwy
Cordova, TN 38018
Brand-New Take 5 Oil Ground Lease | 10 Yrs · Retail Property For Sale
Investment Highlights
- Attractive, E-Commerce proof concept on an Absolute Triple Net Ground Lease offers the chance to own a new development on the popular Germantown Pkwy.
- Germantown Pkwy sees more than 50,000 citizens pass by daily, who use this established retail center to reach an eclectic mix of tenants.
- The Kroger-anchored Trinity Commons shopping center is across the street, and a Walmart-anchored center is just minutes down Germantown Pkwy.
- 149,989 citizens in a 5-mile radius have an average household income of $101,569.
- The affluent population combines with an impressive 123,828 additional daytime employees for a consumer spending total of $1.6 billion.
PROPERTY FACTS
About 731 N Germantown Pkwy , Cordova, TN 38018
Just 14 miles outside of downtown Memphis, 731 N Germantown Parkway is strategically situated in an established retail corridor that serves the surrounding, affluent population. This newly-constructed, freestanding building is located in between a Tropical Smoothie Café and an Aspen Dental on Germantown Parkway, which sees 53,597 drivers pass by daily. Other tenants in this new development include LA Fitness, Chipotle Mexican Grill, and Dunkin Donuts, among others. Just across Germantown Parkway is the Kroger-anchored Trinity Commons shopping mall, which offers multiple quick eats destinations and the Urban Air Trampoline and Adventure Park. A Walmart-anchored shopping center provides even more dining, health and beauty, and banking options minutes down the street. The surrounding 149,989 citizens in a 5-mile radius have an average household income of $101,569, and together with the 123,828 additional daytime population combine for a consumer spending total of $1.6 billion.
Learn More About Investing in Retail Properties
