- For Sale $2,405,000
- Property Type Retail - Street Retail
- Property Size 3,346 SF
- Lot Size 0.66 Acre
- Building Class B
- Year Built 1996
- Year Renovated 2021
- Date Updated Jun 4, 2026
Description
Outparcel at the Shops of Forest Hill, a Target and Sprouts-anchored retail center in affluent Germantown near Forest Hill Irene Road and Poplar Avenue.Net Operating Income (NOI) $120,444
Lease Commencement Date 3/1/2022
Lease Expiration Date 2/28/2037
Options to Extend 3 (5-Year) Options
Rental Increases 3.00% Annually
Landlord Responsibilities Roof/Structure
(Brand New Roof in 2026 w/Warranty)
Lease Type
Net Leased Investment
(Full NNN Recapture of Property Taxes,
Insurance and CAM)
False
Contacts
Jonathan Selznick
Lee & Associates - Ontario
Location
Located at 3100 Forest Hill Irene Rd, Germantown, TN 38138, this property is part of the Germantown East - Oakleigh neighborhood and Memphis market.
Contact Listing Broker
Jonathan Selznick
Lee & Associates - Ontario
