Building Details

Tenancy multi

Listing Agency: Marcus & Millichap - Columbus s***@ipausa.com Show Phone

Listed By: Craig Fuller · License #OH 2008001551

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 4:32PM

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Investment Insights

Based on property information with market context.

The Shops of Cordova Station is a multi-tenant retail center offering 18,950 square feet of occupied storefront space on 1.72 acres. The center is 100% occupied by a complementary mix of national, regional, and local tenants, including Avis, Citi Financial, Jenny's Nails, Three Guys Pizza, The Pie Folks & Bistro, Game X Change, and White Stone Jewelers. Current tenants reimburse triple net expenses, which include a third-party management fee.

The property is located in Cordova, a Memphis suburb just north of Germantown. The Shops of Cordova Station sits along SR 177/North Germantown Road, which sees 66,966 vehicles per day directly in front of the property. The immediate area is anchored by prominent retailers including Kroger, Walmart, Target, Party City, Petco, Goodwill, Walgreens, and CVS.

Key Highlights

• 100% occupied retail center with 18,950 SF across 1.72 acres
• Tenant mix includes Avis, Citi Financial, Jenny's Nails, Three Guys Pizza, The Pie Folks & Bistro, Game X Change, and White Stone Jewelers
• All current tenants reimburse triple net expenses, including a third‑party management fee

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Law Firm Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

66,966 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,283

Businesses Nearby

13k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 71% Shops & Services 23% Home Improvements & Furnishings 5%

Sheridan's Frozen Custard Dining

4,600 visits/mo 0.1 miles

Papa John's Pizza Dining

2,193 visits/mo 0.3 miles

Shipley Do-Nuts Dining

2,179 visits/mo 0.0 miles

O'Reilly Auto Parts Shops & Services

1,570 visits/mo 0.1 miles

Extra Space Storage Shops & Services

784 visits/mo 0.2 miles

Demographics for 38018, TN

37,086

Population

15,110

Households

2.5

Avg Household Size

38

Median Age

46%

College-Educated

94%

High-School Grad

18.7 sq mi

ZIP Area

1,983

Density / Sq Mi

$89,627

Median Household Income

$47,813

Median Earnings

$1,594

Median Rent

$255,300

Median Home Value

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019

6.9% 2020

6.3% 2021

4.9% 2022

5% 2023

5.2% 2024

6.8% 2025

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Similar Off Market Nearby

• Cordova Station — 8100-8130, Macon Station, Cordova, TN 38018
• Trinity Commons — 670-714 N Germantown Pkwy, Cordova, TN 38018
• Cordova Towne Center — 1140 N Germantown Pkwy, Cordova, TN 38016
• Germantown Square — 1245 Germantown Ct, Cordova, TN 38016

Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied retail center with multiple storefront tenants and triple-net reimbursements, located along SR 177/North Germantown Road.

Where is this shopping center located?

The property is located at 1010-1034 North Germantown Parkway Memphis, TN.

What are key features of this property?

This property features: 100% occupied retail center with 18,950 SF across 1.72 acres; Tenant mix includes Avis, Citi Financial, Jenny's Nails, Three Guys Pizza, The Pie Folks & Bistro, Game X Change, and White Stone Jewelers; All current tenants reimburse triple net expenses, including a third‑party management fee