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NNN Property with Long Lease Term
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7101 Goodlett Farms Parkway, Cordova, TN 38016

Net-lease offering with a weighted average lease term exceeding six years.

Property SizeContact for details
Days on Market5

Property Features for 7101 Goodlett Farms Parkway

General Information

Standard status Active
Property subtype Industrial, Special Purpose

Additional Details

Cap Rate 8.7%
Listing Agency: Newmark - Atlanta - 3455 Peachtree Road
Listed By: Casey Keitchen · License #335088
Source: Crexi
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 3:10PM

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 Newmark - Atlanta - 3455 Peachtree Road

Investment Insights

Based on property information with market context.

This NNN property is presented as a net-lease investment with an 8.7% CAP and a 6.3 YR WALT. The asset is located at 7101 Goodlett Farms Parkway in Cordova, Tennessee 38016.

Key Highlights

  • 8.7% CAP
  • 6.3 YR WALT
  • NNN property classification

Property Analytics

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Current Use

FedEx Drop Box Postal Service Bioventus MOC Industrial Manufacturer Bioventus Memphis Production Facility

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Nail Salon Storage Facility Hair Salon

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

262
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Net-lease offering with a weighted average lease term exceeding six years.
Where is this nnn property located?
The property is located at 7101 Goodlett Farms Parkway Cordova, TN.
What is the asking price?
The asking price for this property is $15,250,000.
What are key features of this property?
This property features: 8.7% CAP; 6.3 YR WALT; NNN property classification
More about this property
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