For Sale
$3,700,000

1217-1227 Germantown RdGermantown, TN 38138

High-yield shopping center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 12,000-square-foot shopping center in Germantown, Tennessee. Located at 1217-1227 S Germantown Rd, 38138, this single-story, Class B property boasts six tenants under a triple-net (NNN) lease structure, ensuring a passive income stream. The property sits on a 1.32-acre lot and offers ample parking with 66 spaces. Built in 2002, the center enjoys 100% occupancy with a weighted average lease term (WALT) of 2.9 years as of October 1, 2024. The asking price is $3,700,000, representing a compelling 7.75% capitalization rate and a strong net operating income (NOI) of $287,149. The property is zoned CP and benefits from excellent visibility on S Germantown Road, situated in a high-income area with nearby national retailers such as Lowe's, Office Depot, Walgreens, Chick-fil-A, Taco Bell, and Perkins, as well as numerous medical facilities. This stabilized investment offers a secure and lucrative return for discerning investors seeking a well-positioned retail asset in a thriving market. The property features a price per square foot of $308.33.

Highlights

  • 100% leased, six-tenant shopping center.
  • Excellent visibility on S Germantown Rd.
  • High-income area with nearby national retailers.
  • Strong tenant mix including Lowe's, Office Depot, Walgreens, Chick-fil-A, Taco Bell, and Perkins.

Property Details for 1217-1227 Germantown Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,000 SF
Class
B
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
57,499 SF
Units
6

Location Insight

City
Germantown
County
Shelby
State
Tennessee
Latitude
35.1159475
Longitude
-89.8021121
1217-1227 Germantown Rd, Germantown, Tennessee

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1217-1227 Germantown Rd
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