For Sale
$2,900,000

590 Germantown PkwyMemphis, TN 38018

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • Long-term tenant Bargain Hunt, operating since 2012 with recent lease renewal.
  • Recent capital improvements include repaved parking lot and driveways (September 2024).
  • Strong demographics: 158,369 population and $118,529 average household income within a 5-mile radius.
  • High-traffic location on Germantown Road (37,000+ VPD) and Trinity Road (10,035 VPD), with pylon signage.
  • Surrounded by national retailers including Walmart, Kroger, IKEA, and others.
  • Strong corporate ownership: ACON Investments, LLC, a Washington, DC-based private equity firm with over $5.6 billion AUM.

Property Details for 590 Germantown Pkwy

Property type
Retail properties, Retail space
Square Feet
345,767 SF
Year Built
1990
Lot Size (sq. ft)
131,987 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.141266030662
Longitude
-89.794360811207
590 Germantown Pkwy, Memphis, Tennessee
Leaflet | © OpenStreetMap contributors

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590 Germantown Pkwy
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