Memphis Family Entertainment Center
2281-2289 N Germantown Pkwy, Memphis, TN 38016
Call to check price and availability
Single-tenant investment opportunity in a high-traffic Memphis location.
Type:RETAIL
Property size:
60,743 SFLot size:
2.17 AcresPrice / SF:
$103/SF- Added:
- May 6, 2026
- Days on Market:
- 26
- Last Refresh:
- May 8 at 3:32 am
Property Features for 2281-2289 N Germantown Pkwy
General Information
- Standard status
- Active
- Size
- 60,743 SF
- Lot size
- 2.17 Acres
- Property subtype
- RETAIL
Listing agent Andrew Phillips License #TN 283569 (901) 289-6805
Listing office Colliers | Memphis (901) 289-6805
Listing date May 6, 2026
Source Moodyscre
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
HighLights
- 15‑year net lease with three 5‑year options, strong rent increases, and personal guaranty.
- High‑traffic location at the signalized intersection of Germantown Parkway (46,600 VPD) and Ikea Way, near Interstate 40 (106,400 VPD).
- Anchors Countrywood Crossing and adjacent to a Costco.
- Below market rent at $8 PSF offers long‑term upside potential.
- Located in the largest and busiest retail corridor in Memphis, near Wolfchase Galleria Mall.
- Landlord responsibilities limited to roof and structure.
Overview
This single-tenant investment opportunity is located in the Memphis metropolitan area. The property is leased to Fun City Adventure Park, a family entertainment center with 60 locations operating or opening soon. The asset is secured by a 15-year net lease with three, five-year option periods, rent increases, and a personal guaranty. The landlord responsibilities are limited to the roof and structure of the premises. The 60,743 square foot building is situated on 2.17 acres and anchors Countrywood Crossing. It is located on the corner of Germantown Parkway and Ikea Way, less than half a mile from Interstate 40. The property is adjacent to one of two Costco locations in the Memphis MSA. The property is positioned within the largest and busiest retail corridor in Memphis, with Wolfchase Galleria Mall being only 1 mile away. Several other surrounding retail centers include The Commons at Dexter Lake, Memphis Commons, and The Market at Wolfcreek. Other nearby retailers include Costco, Home Depot, Lowe’s Home Improvement, Target, Walmart Supercenter, Sam’s Club, Academy Sports, Hobby Lobby, McDonald’s, Chick-fil-A, Raising Cane’s, and Chipotle.
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7959291
- Latitude
- 35.1875132
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Single-tenant investment opportunity in a high-traffic Memphis location.
Where is this nnn property located?
The property is located at 2281-2289 N Germantown Pkwy Memphis, TN.
What is the asking price?
The asking price for this property is $6,269,998.
What are key features of this property?
This property features: 15‑year net lease with three 5‑year options, strong rent increases, and personal guaranty.; High‑traffic location at the signalized intersection of Germantown Parkway (46,600 VPD) and Ikea Way, near Interstate 40 (106,400 VPD).; Anchors Countrywood Crossing and adjacent to a Costco.
