Shopping Neighborhood
Germantown Square
1245 N Germantown Pkwy, Cordova, TN 38016
Listing Price: $12,800,000
Investment Overview
Marcus & Millichap is pleased to exclusively present Germantown Square, a 142,626 square-foot single-story shopping center built in 2000. The property sits on 16 acres and is located on the northwest signalized corner of Germantown Parkway, a main thoroughfare of the area, and Cordova Road in the northeast submarket of Cordova, a submarket of the Memphis MSA, in the county of Shelby, Tennessee. The property is occupied by three tenants: Incredible Pizza, the University of Memphis, and the Tile Shop. There are two available units (17,000 SF and 9,230 SF) available for lease-up, providing upside for an investor. A new Tops BBQ, not part of the sale offering, is currently undergoing construction on a pad site adjacent to the University of Memphis Culinary School.
Germantown Square
Investment Highlights
- Prime Location in the Northeast Submarket of the Memphis MSA
- Easy Access to I-40, Hwy 64, and Germantown Parkway, three major corridors through the Memphis Area
- Signalized Intersection
- Area retailers include Petco, Party City, Malco Theater, HomeGoods, Kroger, Walmart, Marshalls, IKEA, Kohl's, Lowe's, Dick's Sporting Goods, Ashley HomeStore, and more
- Highly Visible and Easily Accessible with Seven Points of Ingress/Egress
- Upside Through Lease Up of Two Available Units Totaling 26,230 SF (18.4% of GLA)
- Large Pylon Sign
Listing Price: $12,800,000
Investment Highlights
- Prime Location in the Northeast Submarket of the Memphis MSA
- Easy Access to I-40, Hwy 64, and Germantown Parkway, three major corridors through the Memphis Area
- Signalized Intersection
- Area retailers include Petco, Party City, Malco Theater, HomeGoods, Kroger, Walmart, Marshalls, IKEA, Kohl's, Lowe's, Dick's Sporting Goods, Ashley HomeStore, and more
- Highly Visible and Easily Accessible with Seven Points of Ingress/Egress
- Upside Through Lease Up of Two Available Units Totaling 26,230 SF (18.4% of GLA)
- Large Pylon Sign
Investment Overview
Marcus & Millichap is pleased to exclusively present Germantown Square, a 142,626 square-foot single-story shopping center built in 2000. The property sits on 16 acres and is located on the northwest signalized corner of Germantown Parkway, a main thoroughfare of the area, and Cordova Road in the northeast submarket of Cordova, a submarket of the Memphis MSA, in the county of Shelby, Tennessee. The property is occupied by three tenants: Incredible Pizza, the University of Memphis, and the Tile Shop. There are two available units (17,000 SF and 9,230 SF) available for lease-up, providing upside for an investor. A new Tops BBQ, not part of the sale offering, is currently undergoing construction on a pad site adjacent to the University of Memphis Culinary School.
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