1217-1227 Germantown Rd Germantown, TN 38138
- Lifestyle centers
- 12,000 SF
- 1.32 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1217-1227 Germantown Rd
- Year built
- 2002
- Lot size
- 1.32 lot acres
- Property size
- 12,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 12,000-square-foot shopping center in Germantown, Tennessee. Located at 1217-1227 S Germantown Rd, 38138, this single-story, Class B property boasts six tenants under a triple-net (NNN) lease structure, ensuring a passive income stream. The property sits on a 1.32-acre lot and offers ample parking with 66 spaces. Built in 2002, the center enjoys 100% occupancy with a weighted average lease term (WALT) of 2.9 years as of October 1, 2024. The asking price is $3,700,000, representing a compelling 7.75% capitalization rate and a strong net operating income (NOI) of $287,149. The property is zoned CP and benefits from excellent visibility on S Germantown Road, situated in a high-income area with nearby national retailers such as Lowe's, Office Depot, Walgreens, Chick-fil-A, Taco Bell, and Perkins, as well as numerous medical facilities. This stabilized investment offers a secure and lucrative return for discerning investors seeking a well-positioned retail asset in a thriving market. The property features a price per square foot of $308.33.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8021
- Latitude
- 35.1159
