Memphis Single-Tenant Investment
For Sale
Contact for pricing
2281 N Germantown Pkwy, Memphis, TN 38016
60,743 SF building on 2.17 acres anchored by Countrywood Crossing.
Property Size60,743 SF
Lot Size2.17 Acres
Price / SF$94.10
Days on Market176
Property Features for 2281 N Germantown Pkwy
General Information
Standard status
Active
Size
60,743 SF
Lot size
2.17 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$485,944
Building Details
Year Built
2007
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Jereme Snyder · License #CA 01360233
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 20 at 9:08AM
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 - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This single-tenant investment opportunity is located in the Memphis metropolitan area. The property is a 60,743 square-foot building on 2.17 acres, occupied by Fun City Adventure Park, a family entertainment center with 60 locations operating or opening soon. The property anchors Countrywood Crossing and benefits from 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. The property is located at the hard corner signalized intersection of Germantown Parkway and Ikea Way, less than half a mile from Interstate 40, adjacent to a Costco. The property is positioned within the busiest retail corridor in Memphis, near Wolfchase Galleria Mall and other retail centers including The Commons at Dexter Lake, Memphis Commons, and The Market at Wolfcreek. Nearby retailers include Home Depot, Lowe’s Home Improvement, Target, Walmart Supercenter, and Sam’s Club.
Key Highlights
- 15‑year net lease with option periods for long‑term income.
- Strong rent increases built into the lease.
- Personal guaranty from Fun City Adventure Parks owner.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 60,743 SF building on 2.17 acres anchored by Countrywood Crossing.
Where is this nnn property located?
The property is located at 2281 N Germantown Pkwy Memphis, TN.
What is the asking price?
The asking price for this property is $5,716,000.
What are key features of this property?
This property features: 15‑year net lease with option periods for long‑term income.; Strong rent increases built into the lease.; Personal guaranty from Fun City Adventure Parks owner.
