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    OFF-MARKET
    Retail properties & Spaces

    0 Germantown Pkwy & Dexter Rd, Memphis, TN 38016

    228,796 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 228,796 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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