2281 N Germantown Pkwy, Memphis, TN 38016 For Sale

The Snyder Carlton Team is pleased to offer investors the opportunity to acquire a single tenant Investment in the Memphis metropolitan area. Fun City Adventure Park, a high quality family entertainment center, has 60 locations operating or opening soon. The asset is secured by a 15-year net lease with three, five-year option periods, strong rent increases, and a personal guaranty from the owner of Fun City Adventure Parks. The landlord is only responsible for the roof and structure of the premises, making this asset ideal for an investor seeking high returns with limited responsibilities.

The 60,743 SF building on 2.17 acres anchors Countrywood Crossing, is located on the hard corner signalized intersection of Germantown Parkway (46,600 VPD) and Ikea Way, and is less than half a mile from Interstate 40 (106,400 VPD). The property sits adjacent to one of only two Costco’s in all of Memphis MSA. The property is priced at below replacement cost and offers the Buyer long term upside potential with below market rent at $8 PSF.

The property is positioned within the largest and busiest retail corridor in Memphis, with Wolfchase Galleria Mall being only 1 mile away. Several other surrounding retail centers include The Commons at Dexter Lake, Memphis Commons, and The Market at Wolfcreek. Other nearby retailers include Costco, Home Depot, Lowe’s Home Improvement, Target, Walmart Supercenter, Sam’s Club, Academy Sports, Hobby Lobby, McDonald’s, Chick-fil-A, Raising Cane’s, and Chipotle, to name a few.