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

Staples, Memphis, TN

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Contact

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