775 N Germantown Pky
Cordova, TN 38018
Dunkin' Donuts & Piccadilly | 10-Yr NNN Lease · Retail Property For Sale

Marcus & Millichap is pleased to present a 4,000 square foot, 100 percent occupied strip center consisting of Dunkin Donuts and Piccadilly To Go. Both leases were signed to initial 10 year terms and include a ten percent rental increase during the base term and renewal options. The Dunkin Donuts lease includes a personal guaranty with a new worth of over $35 Million from the experienced franchisee and operator. The Piccadilly To Go lease is guaranteed by parent company Falcon holdings, LLC, a large private company and experienced operator of over 300 restaurants including Churches Chicken, Hardees, Long John Silvers and A&W restaurants. The property is located at 775 N. Germantown Parkway in Cordova, Tennessee. Cordova is a community in Shelby County that lies east of Memphis and north of Germantown. The subject property is well -positioned, benefiting from its proximity to many major national and local retailers. Major national retailers in the area include: Walmart, Target, Kroger, LA Fitness, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, AutoZone, Starbucks, McAlister’s Deli, Outback Steakhouse, Panera Bread, O’Charley’s, Taco Bell, IHOP, Panda Express, and McDonald’s among various others. The property is located adjacent to many other new construction retail developments along North Germantown Parkway. In Cordova, retail growth exploded in the late 1990s thanks to the Wolfchase Galleria shopping mall. Today, most the growth is along the Houston Levee Rad and Macon Road as well as major retail and commercial centers on Germantown Parkway.