Memphis Single-Tenant Investment
2281 N Germantown Pkwy, Memphis, TN 38016
60,743 SF building on 2.17 acres anchored by Countrywood Crossing.
Type:Retail
Property size:
60,743 SFLot size:
2.17 AcresPrice / SF:
$103/SF- Added:
- Feb 26, 2026
- Days on Market:
- 81
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 2281 N Germantown Pkwy
General Information
- Standard status
- Active
- Size
- 60,743 SF
- Lot size
- 2.17 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agent Jereme Snyder License #CA 01360233
Listing office Colliers - Los Angeles - Orange County, California
Listing date Feb 26, 2026
Source Crexi
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
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.
- Located on a hard corner signalized intersection of Germantown Parkway and Ikea Way, near Interstate 40.
- Anchors Countrywood Crossing and is adjacent to Costco.
- Priced below replacement cost with below‑market rent.
Overview
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.
Location Intelligence
Current Use by Public Records
NNN properties
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 - 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 $6,270,000.
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.
