0 Germantown Pkwy & Dexter Rd, Memphis, TN 38016
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.
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.