1924 Exeter Road, Germantown, TN 38138

This 2,200 SF +/- ground floor office condominium is located at 1924 Exeter Road in Germantown, Tennessee. Built in 1986 in one of the Mid-South's most established and affluent sub markets, the property is positioned in the heart of Germantown's medical and professional office corridor with prime Germantown location, strong demographics, excellent access, and durable office demand.

The asset features two suites (Suites 1&2 and Suites 3&4) and is 100% occupied with two stable tenants - Tristar Associates LLC and Solutions Wealth Management LLC - on parallel 36-month NNN leases. Both leases carry built-in ~3% annual rent escalations, providing reliable income growth. The triple-net structure means tenants reimburse operating expenses (~$6.50/SF) and pay their own metered utilities directly, resulting in minimal landlord responsibility. Landlord obligations are limited to roof, foundation, structure, parking and common areas.

Offered at $1,152,042, this represents a 7.00% going-in cap rate on in-place NOI of $80,643, or $524/SF for a fully-stabilized, two-tenant office building in the heart of Germantown. With 2.2 years of remaining term, the property offers an attractive in-place yield of 7.00% with built-in growth to 7.32% by Year 3, providing clear upside in cash flow and valuation. This is a turnkey, management-light asset with professionally leased tenants and a true NNN structure.