Restaurant
Starbucks - Wolfchase Galleria
2698 N Germantown Pkwy, Memphis, TN 38133
Listing Price: $2,033,000
Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
8.4
Gross SF
1,741
Guarantor
Corporate Guarantee
Rentable SF
1,741
Price/Gross SF
$1,167.72
Lease Type
Double Net
Rent Per Square Feet
$49.64
Investment Overview
LONG-TERM OCCUPANCY WITH RECENT 10-YR LEASE EXTENSION | ATTRACTIVE RENT ESCALATIONS TREMENDOUS TRAFFIC COUNTS | PRIMARY RETAIL CORRIDOR EXCELLENT LOCATION SITUATED AT THE ENTRANCE TO WOLFCHASE GALLERIA
Starbucks - Wolfchase Galleria
Investment Highlights
- LONG-TERM OCCUPANCY WITH RECENT 10-YR LEASE EXTENSION Starbucks recently extended a 10-year renewal (2nd option) Starbucks has been successfully operating at this location for over 22 years
- TREMENDOUS TRAFFIC COUNTS | PRIMARY RETAIL CORRIDOR The subject property is located on North Germantown Parkway, one of the most traveled road in Memphis that boasts over 60,750 VPD
- EXCELLENT LOCATION SITUATED AT THE ENTRANCE TO WOLFCHASE GALLERIA The subject property ideally sits as an outparcel at the entrance to Wolfchase Galleria, the largest regional mall in Memphis
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,033,000
Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
8.4
Gross SF
1,741
Guarantor
Corporate Guarantee
Rentable SF
1,741
Price/Gross SF
$1,167.72
Lease Type
Double Net
Rent Per Square Feet
$49.64
Investment Highlights
- LONG-TERM OCCUPANCY WITH RECENT 10-YR LEASE EXTENSION Starbucks recently extended a 10-year renewal (2nd option) Starbucks has been successfully operating at this location for over 22 years
- TREMENDOUS TRAFFIC COUNTS | PRIMARY RETAIL CORRIDOR The subject property is located on North Germantown Parkway, one of the most traveled road in Memphis that boasts over 60,750 VPD
- EXCELLENT LOCATION SITUATED AT THE ENTRANCE TO WOLFCHASE GALLERIA The subject property ideally sits as an outparcel at the entrance to Wolfchase Galleria, the largest regional mall in Memphis
Investment Overview
LONG-TERM OCCUPANCY WITH RECENT 10-YR LEASE EXTENSION | ATTRACTIVE RENT ESCALATIONS TREMENDOUS TRAFFIC COUNTS | PRIMARY RETAIL CORRIDOR EXCELLENT LOCATION SITUATED AT THE ENTRANCE TO WOLFCHASE GALLERIA
Exclusively Listed By
Broker of Record
Financing By
