Property profile

9155 Poplar Ave Germantown, TN 38138

FOR LEASE
Strip malls
Property ID
US80-1133558
79,185 SF 8.28 ac lot Built 1994
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Total area 79,185 SF
Lot 8.28 ac (360,677 SF)
Zoning code SC-1
APN G02-32 - - -00377
UPID US80-1133558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Rowing Club Bicycle Club
  • (Bike/Boat/Book/etc) Store Party Supply Store
  • Hair Salon
  • Physician
  • Medical Clinic

Location

9155 Poplar Ave Germantown, TN 38138
Germantown metro Census 21341 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$47.8M
5 recorded transactions
2025
$47.8M
2025
Price N/A
2020
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

SC-1 · Germantown, TN
Zoning description

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 (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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