Aldi Grocery
For Sale
Contact for pricing
785 Union Ave, Memphis, TN 38103
Long-term 10-year net lease with access to three major interstate routes.
Property Size27,800 SF
Days on Market49
Property Features for 785 Union Ave
General Information
Standard status
Active
Size
27,800 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Center City Development Corporation
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Hunington Properties Inc.
Listed By:
Sandy Aron · License #218898
(713) 623-6944
Source:
Moodyscre
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 Hunington Properties Inc.
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Investment Insights
Based on property information with market context.
The property is a 27,800-square-foot Aldi grocery store at 785 Union Ave in Memphis, Tennessee. The asset is subject to a long-term 10-year net lease, providing a defined lease structure for the offering.
Situated in the Medical District near Downtown Memphis, the property is minutes from St. Jude Children’s Research Hospital, the University of Tennessee Health Science Center, and Methodist University Hospital. Interstate access includes I-40, I-55, and I-240.
Situated in the Medical District near Downtown Memphis, the property is minutes from St. Jude Children’s Research Hospital, the University of Tennessee Health Science Center, and Methodist University Hospital. Interstate access includes I-40, I-55, and I-240.
Key Highlights
- 27,800‑square‑foot grocery store occupied by Aldi
- Long‑term 10‑year net lease
- 785 Union Ave, Memphis, TN 38103
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,842
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 25%
Hotels & Casinos 2%
Electronics 1%
McDonald's
Dining
33,546 visits/mo
0.2 miles
Exxon
Shops & Services
15,800 visits/mo
0.4 miles
Burger King
Dining
14,492 visits/mo
0.4 miles
Arby's
Dining
9,034 visits/mo
0.3 miles
SUBWAY
Dining
3,109 visits/mo
0.2 miles
Demographics for 38103, TN
14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
Similar Off Market Nearby
- Hattie's Tamale and mobile TAMALE SHACKS — 1172 Lamar Ave, Memphis, TN 38104
- DAVINCHI'S RESTAURANT AND LOUNGE — 905 Union Ave, Memphis, TN 38103
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Long-term 10-year net lease with access to three major interstate routes.
Where is this grocery and convenience store located?
The property is located at 785 Union Ave Memphis, TN.
What are key features of this property?
This property features: 27,800‑square‑foot grocery store occupied by Aldi; Long‑term 10‑year net lease; 785 Union Ave, Memphis, TN 38103
