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    FOR LEASE
    Strip malls

    1975 Exeter Rd, Germantown, TN 38138

    6,856 SF 0.67 ac lot Built 1984
    Entity Owned Free & Clear
    Property ID
    US80-0854021
    Property summary
    AI-generated overview

    Germantown Plaza, a thriving 137,181 square foot neighborhood center, presents exceptional retail opportunities in the affluent Germantown suburb of Memphis, Tennessee. This high-traffic location sits at the southwest corner of Exeter Road and Farmington Boulevard, boasting impressive daily traffic counts: Exeter Road (10,303 AADT), Farmington Boulevard (14,157 AADT), and Poplar Avenue (25,114 AADT). The center is anchored by a significant 68,337 square foot Hobby Lobby and a Planet Fitness, ensuring consistent high foot traffic. A strong roster of co-tenants further enhances the property's appeal, including major retailers such as Kroger, Whole Foods, Trader Joe's, T.J. Maxx, Walgreens, Chase Bank, and AutoZone. The nearby Shops of Saddle Creek, home to prestigious brands like Apple Store and Michael Kors, adds to the area's upscale shopping destination status. Multiple spaces are available, ranging from a minimum of 1,175 square feet to a maximum contiguous space of 11,802 square feet, offering flexibility for various retail concepts. Currently, 12,977 square feet of space is vacant. This is an unparalleled opportunity to establish a presence in a highly desirable and densely populated area with exceptional visibility and strong demographics.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1984
    Total area 6,856 SF
    Lot 0.67 ac (29,185 SF)
    Zoning code C-2
    APN G02-20 - - -00152
    UPID US80-0854021
    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
    Current use
    Occupant on record · Public records
    • Germantown Farmington Animal Hospital Veterinary Clinic
    • Dr. Leonard Batey, DVM Veterinary Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MMB FARMINGTON DEVELOPMENT CO
    MMB FARMINGTON DEVELOPMENT CO
    Zoning & alternative use
    C-2 · Germantown, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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