Listing Agency: Matthews

Listed By: Josh Bishop · License #TX 688810

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 4:31PM

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Investment Insights

Based on property information with market context.

This retail space is offered for sale with an Absolute NNN lease structure. The property is identified at 675 N Germantown Pkwy, Memphis, TN 38018, and carries a stated 6.65% cap rate.

Key Highlights

• Absolute NNN lease structure
• 6.65% cap rate
• 675 N Germantown Pkwy, Memphis, TN 38018

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Law Firm HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,114

Businesses Nearby

21k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 59% Shops & Services 18% Electronics 11% Beauty & Spa 6%

El Mezcal Dining

5,812 visits/mo 0.3 miles

Lenny's Sub Shop Dining

2,983 visits/mo 0.5 miles

GameStop Electronics

2,341 visits/mo 0.5 miles

Papa John's Pizza Dining

2,193 visits/mo 0.3 miles

Pizza Hut Dining

1,656 visits/mo 0.2 miles

Demographics for 38018, TN

37,086

Population

15,110

Households

2.5

Avg Household Size

38

Median Age

46%

College-Educated

94%

High-School Grad

18.7 sq mi

ZIP Area

1,983

Density / Sq Mi

$89,627

Median Household Income

$47,813

Median Earnings

$1,594

Median Rent

$255,300

Median Home Value

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019

6.9% 2020

6.3% 2021

4.9% 2022

5% 2023

5.2% 2024

6.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - For-sale commercial offering with an absolute net lease structure.

Where is this retail space located?

The property is located at 675 N Germantown Pkwy Memphis, TN.

What are key features of this property?

This property features: Absolute NNN lease structure; 6.65% cap rate; 675 N Germantown Pkwy, Memphis, TN 38018