1245 Germantown Pkwy, Memphis, TN 38016
This exceptional 1.26-acre outparcel in the thriving Germantown Square development in Cordova, Tennessee presents a unique investment opportunity. Located at 1245 N Germantown Pkwy, this lot boasts prime visibility and accessibility from Germantown Parkway and Cordova Road, benefiting from a high traffic count of 55,200 ADT on Germantown Road. Situated behind the new Top's BBQ, this is the last available outparcel in this sought-after location, ideal for quick-service restaurants or fast-food establishments. The property offers ample parking for customers and seven convenient access points, making it particularly suitable for businesses with drive-thru operations. The asking price is $375,000. This property is zoned for Office and Retail use, specifically catering to QSR/Fast Food and Restaurant subtypes. Its location within Germantown Square ensures high visibility and convenient access for customers, making it an attractive proposition for businesses seeking a strong foothold in a thriving commercial area. The abundance of parking and multiple access points further enhance its appeal. Don't miss this chance to secure the last remaining outparcel in this premier development.
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The Blue Room Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.