CORDOVA CENTER - LoopNet...EXCLUSIVELY LISTED CORDOVA CENTER MICKEY DAVIS Marcus & Millichap...
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CORDOVA CENTER EXCLUSIVE RETAIL INVESTMENT OPPORTUNITY Offering Summary
Transcript of CORDOVA CENTER - LoopNet...EXCLUSIVELY LISTED CORDOVA CENTER MICKEY DAVIS Marcus & Millichap...
CORDOVA CENTEREXCLUSIVE RETAIL INVESTMENT OPPORTUNITY
Offering Summary
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OFFERING HIGHLIGHTS
1862 - 1884 N Germantown Parkway, Cordova, Tennessee 38016
OFFERING PRICE
$6,345,000CAP RATE
7.75%
VITAL DATA
Price $6,345,000
Cap Rate 7.75%
Price/SF $108.46
Gross Leasable Area 58,500 SF
Occupancy 100%
Year Built 1997
Lot Size 2.95 Acres
CORDOVA CENTERE X C L U S I V E R E T A I L I N V E S T M E N T O P P O R T U N I T Y
► Center Consists of Long-Term Tenants with Lengthy Terms
Remaining on Current Leases
► Property Features Triple Net (NNN) Leases with Minimal
Landlord Responsibilities
► Current Net Operating Income of $491,727
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present for sale The Cordova Center, a multi-tenant retail shopping center located on the bustling retail corridor of Germantown Parkway in northeast Shelby County. The center is occupied by a healthy mix of national and regional tenants including Planet Fitness and Family Dollar. The site has over 44,000 vehicles per day and lies just south of Interstate 40. Cordova is a suburb of Memphis, Tennessee.
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Local Map SUBJECT PROPERTY
© 2019 Google
E X C L U S I V E LY L I S T E D
CORDOVA CENTER
MICKEY DAVISMarcus & MillichapMemphis, TNCell 901.827.8929Office [email protected] TN 272205 | MS 15586
DICK HUFFMANMarcus & MillichapMemphis, TNCell 901.605.5565Office [email protected] TN 328848
