Mixed-Use Development With
For Sale
Contact for pricing
Pending
1250 N Germantown Pkwy, Memphis, TN 38016
Multi-component commercial property combining retail, office, medical office, and a restaurant ground lease.
Property Size152,665 SF
Days on Market143
Property Features for 1250 N Germantown Pkwy
General Information
Standard status
Pending
Size
152,665 SF
Property subtype
Retail, Office
Site & Location
Anchor Co-Tenants
Petco, Party City, Bone Sh Grill, Chili's
Traffic Count
60,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Amenities
fiber optic
visibility corridor
landscaped drive
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Memphis, Tennessee
(901) 312-4916
Listed By:
Ed Thomas · License #310126
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 6:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Memphis, Tennessee
Investment Insights
Based on property information with market context.
Parkway Place is a 152,665-square-foot mixed-use development comprising approximately 62,000 square feet of retail, a 70,700-square-foot single-story office building, and a 14,400-square-foot single-tenant medical office building. The property also includes a ground lease for a 5,500-square-foot Chili’s restaurant. Retail occupants include Petco, Party City, and Bonefish Grill, while the office component includes Transnetyx, Methodist Healthcare, Baptist Medical Group, The Smith Clinic, and Centurylink.
The property fronts Germantown Parkway at Cordova Road and Country Village Drive in Memphis. Average daily traffic on Germantown Parkway exceeds 60,000 vehicles per day. A private, landscaped 4-lane drive separates the office component from the retail and restaurant frontage. Each building location is served by dual, independent underground fiber-optic sources, and the access drives include visibility corridors.
Capital improvements include parking lot resealing and striping in 2017, exterior painting in 2018, and new office-building roofing in 2019.
The property fronts Germantown Parkway at Cordova Road and Country Village Drive in Memphis. Average daily traffic on Germantown Parkway exceeds 60,000 vehicles per day. A private, landscaped 4-lane drive separates the office component from the retail and restaurant frontage. Each building location is served by dual, independent underground fiber-optic sources, and the access drives include visibility corridors.
Capital improvements include parking lot resealing and striping in 2017, exterior painting in 2018, and new office-building roofing in 2019.
Key Highlights
- 152,665‑square‑foot mixed‑use development with retail, office, medical office, and restaurant components
- Approximately 62,000 square feet of retail fronts Germantown Parkway
- 70,700‑square‑foot single‑story office building plus a 14,400‑square‑foot medical office building
Property Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 38016, TN
48,322
Population
20,218
Households
2.4
Avg Household Size
37
Median Age
41%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
2,670
Density / Sq Mi
$75,719
Median Household Income
$44,713
Median Earnings
$1,407
Median Rent
$261,700
Median Home Value
Market
Vacancy Rate% for Office in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-component commercial property combining retail, office, medical office, and a restaurant ground lease.
Where is this mixed-use property located?
The property is located at 1250 N Germantown Pkwy Memphis, TN.
What are key features of this property?
This property features: 152,665‑square‑foot mixed‑use development with retail, office, medical office, and restaurant components; Approximately 62,000 square feet of retail fronts Germantown Parkway; 70,700‑square‑foot single‑story office building plus a 14,400‑square‑foot medical office building
