1217-1227 Germantown RdGermantown, TN 38138

Property Details for 1217-1227 Germantown Rd

Year built

2002

Lot size

1.32 AC

Property size (Sq ft)

12,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Germantown

County

Shelby

State

Tennessee

Latitude

35.1159

Longitude

-89.8021

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