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    Germantown Pkwy & Dexter Rd Memphis, TN 38016

    Sponsored
    For Lease
    Contact for pricing

    Memphis Retail Space: 5,000 SF Available

    Lot size:
    228,796 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Commons at Dexter Lake presents a prime retail opportunity in Cordova, Tennessee. This exceptional, grocery-anchored shopping center boasts a total of 228,796 square feet and is strategically located at the intersection of Germantown Parkway and Dexter Road, in Shelby County, zip code 38016. Currently, 5,000 square feet of retail space is available for lease within this thriving center, offering a unique chance to establish or expand your business in a high-traffic area. The property benefits from a substantial 1,036-space parking lot, ensuring ample convenience for customers. The Commons at Dexter Lake is situated just 1.5 miles south of the prominent Wolfchase Mall, drawing significant foot traffic from the surrounding affluent residential communities. This established center already houses popular national retailers such as HomeGoods and Marshalls, alongside a diverse mix of other retail, service, and food and beverage establishments, creating a vibrant and synergistic shopping environment. The property's location and existing tenant mix provide an ideal platform for a variety of retail businesses seeking exposure to a substantial customer base. This is a rare opportunity to secure space in a well-established, high-performing retail center in a desirable Memphis suburb. The available space is part of a single suite within the building.

    Property Features for 0 Germantown Pkwy & Dexter Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    228,796 SF

    Unit(s) available at that property

    Space
    Suite 00025
    Size
    5,000 SF

    HighLights

    • Prime retail space available for lease in Cordova, TN's Commons at Dexter Lake shopping center.
    • 5,000 square feet available in a grocery‑anchored center totaling 228,796 square feet.
    • Located at Germantown Parkway and Dexter Road (38016), near Wolfchase Mall.
    • Ample parking with 1,036 spaces.
    • Strong tenant mix including HomeGoods and Marshalls.
    • Single suite available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.794741
    Latitude
    35.171037

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    FAQs

    What type of property is this?
    Retail property - Memphis Retail Space: 5,000 SF Available
    Where is this retail property located?
    The property is located at Germantown Pkwy & Dexter Rd Memphis, TN.
    What are key features of this property?
    This property features: Prime retail space available for lease in Cordova, TN's Commons at Dexter Lake shopping center.; 5,000 square feet available in a grocery-anchored center totaling 228,796 square feet.; Located at Germantown Parkway and Dexter Road (38016), near Wolfchase Mall.
    Request Owner's contact information
    Germantown Pkwy & Dexter Rd Memphis, TN 38016
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    Memphis, TN 38016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Germantown Pkwy & Dexter Rd Memphis, TN 38016
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