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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

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Starbucks - Wolfchase Galleria

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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