Staples, Memphis, TN
2321 North Germantown Parkway
Memphis, TN 38016
PROPERTY SOLD
Property: Investment Sales
Square Footage: 18,000
Price: $3,330,000
Cap Rate: Call
Description:
- 16 miles east of downtown Memphis at N. Germantown Pkwy (exit 16) and I-40
- Across from Colonial Country Club and near the 1.15 million SF Wolfchase Galleria Mall
- 18,000 SF retail store developed on 1.75 acres adjacent to Kohl’s, Ashley Furniture and Dick’s
- A 10 year corporate lease with rent bumps commenced in November 2011
- The transaction closed escrow in February 2012 for $3.33 million
- The buyer was an institutional investment company out of Texas


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile