For Lease
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Property summary
Shops of Forest Hill presents a prime retail investment opportunity in Germantown, Tennessee. This established center boasts a total of 347,342 square feet of retail space, strategically located at 9155 Poplar Ave, zip code 38138, within Shelby County. Currently, there are two available spaces ranging in size from 1,400 square feet to 14,393 square feet, providing flexibility for various retail concepts. The property's location in Germantown, known for its high average incomes within the MSA, ensures a strong potential customer base. The existing center's substantial size and established presence offer a significant advantage for businesses seeking high visibility and accessibility. With 14,393 square feet currently vacant, this presents a unique opportunity to expand or establish a new retail presence in a thriving market. The property's address is easily accessible and benefits from high traffic volume on Poplar Avenue. This is an exceptional opportunity to acquire a significant retail space in a highly desirable location with strong potential for growth and return on investment. The property is classified as multi-tenant retail.
Property profile
VerifiedCap rate & NOI
Current use
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Rowing Club Bicycle Club
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(Bike/Boat/Book/etc) Store Party Supply Store
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Hair Salon
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SC-1 · Germantown, TNl district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SC-1 in Germantown, TN.
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