2281-2289 N Germantown Pkwy Memphis, TN 38016

Listing office Colliers | Memphis Show Phone

Listing date May 6, 2026

Source Moodyscre

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Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

Property Profile Location Intelligence

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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.