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Retail Outparcel with Ground Lease
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1245 N Germantown Pkwy, Cordova, TN 38016

Flexible retail leasing with strong visibility and multiple access points off Germantown Parkway and Cordova Road.

Space Size9,230 SF - 31,833 SF
Days on Market75

Property Features for 1245 N Germantown Pkwy

General Information

Standard status Active
Size 9,230 SF - 31,833 SF
Property subtype Shopping Center or Multi-Tenant Building

Additional Details

Traffic Count 55,094 vehicles/day

Spaces For Lease

at 1245 N Germantown Pkwy Contact us

101

Size
31,833 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

102

Size
17,000 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

120

Size
9,230 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

Outparcel 1

Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: The Shopping Center Group | Memphis
Listed By: Griffen Walden · License #297139
Source: Theshoppingcentergroup
Added: Jun 7 Changed: Aug 14 Last Checked: Aug 20 at 5:34AM

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 The Shopping Center Group | Memphis

Investment Insights

Based on property information with market context.

Retail space is available for lease starting at 9,230 SF, with options to combine for up to 48,833 SF. In addition, one outparcel is available for ground lease, providing flexibility for operators seeking a standalone site.

The property offers excellent visibility and access from Germantown Parkway, with nearby access via Cordova Road and Autumn Creek Drive. Seven points of ingress/egress support convenient customer arrival from multiple directions. Area retailers include Kohl’s, Lowe’s, Walmart, Kroger, Dick’s Sporting Goods, Ashley Furniture, Malco Theater, Ross, Ulta, HomeGoods, Marshalls, and Petco.

With traffic counts that include 55,094 AADT on Germantown Parkway and 12,021 AADT on Cordova Road, the site is positioned for retail tenants seeking exposure to a high-volume corridor and straightforward site access. The availability of both contiguous retail space and an outparcel ground lease can accommodate a range of retail concepts and operating models.

Key Highlights

  • Retail spaces available from 9,230 SF up to 48,833 SF (can be combined).
  • One outparcel available for ground lease.
  • Excellent access from Germantown Parkway, Cordova Road, and Autumn Creek Drive with seven ingress/egress points.

Property Analytics

Current Use

University of Memphis, Kemmons ... Academic Department Mrs. Carolyn's Southern ... Specialty Food Shop Amvets Donation Station Charitable Organization Memphis' Incredible Pizza ... Restaurant The Tile Shop Hardware & Home Improvement

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Law Firm HVAC Service

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

55,094 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

745
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 88% Shops & Services 12%
Sheridan's Frozen Custard Dining
4,600 visits/mo 0.5 miles
Chenault Insurance Agency, Inc Shops & Services
599 visits/mo 0.5 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Cordova Station 8100-8130, Macon Station, Cordova, TN 38018
  • Parkway Collection 1400 N Germantown Pkwy, Cordova, TN 38016
  • 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 - Flexible retail leasing with strong visibility and multiple access points off Germantown Parkway and Cordova Road.
Where is this shopping center located?
The property is located at 1245 N Germantown Pkwy Cordova, TN.
What are key features of this property?
This property features: Retail spaces available from 9,230 SF up to 48,833 SF (can be combined).; One outparcel available for ground lease.; Excellent access from Germantown Parkway, Cordova Road, and Autumn Creek Drive with seven ingress/egress points.
More about this property
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