815 Exocet DrMemphis, TN 38018
- Retail properties
- 20,479 SF
Property Details for 815 Exocet Dr
- Year built
- 1997
- Lot size
- 1.76 AC
- Property size (Sq ft)
- 20,479 SF
- Zone code
- IH
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 091-033- - -00008-C
- APU
- 09103300008C
Description
Patriot Square, located at 815 Exocet Dr, Memphis, TN 38018, offers a prime retail opportunity in Cordova's thriving N. Germantown Parkway corridor. This Class A retail center, built in 1997, comprises two single-story buildings totaling 51,619 square feet and features 16 suites. Currently, 2,800 square feet of space is available, divisible to a minimum of 1,400 square feet and a maximum contiguous space of 2,800 square feet. The center enjoys high visibility along N. Germantown Parkway, a major retail artery with 59,000 vehicles passing daily. Its strategic location benefits from the significant foot traffic generated by nearby high-performing retailers including Walmart, Kroger, and CVS, all ranking in the top 20% for foot traffic in Tennessee. Patriot Square's tenant mix includes entertainment, restaurant, retail, and service businesses, creating a vibrant and attractive environment. The property is ideal for retail or educational users and offers attractive tenant improvement allowances and rent abatement. This is an exceptional opportunity to establish a presence in a high-traffic, established retail center.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,337,528
- 6.5%
- $4,003,872
- 7%
- $3,717,881
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,023,288
- Geo Method
- $4,023,288
-
Alternative Use
- Use
- Valuation
- Residential
- $3,377,416
- Hospitality
- $3,093,695
- Educational
- $2,573,918
- Medical
- $2,662,439
- Retail
- $4,003,872
Location Insight
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.1479
- Longitude
- -89.7977
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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