AT&T is located at 1684 North Germantown Parkway in Memphis, Tennessee. This 3,952 SF stand-alone building was constructed in 2008. The traffic count of the site is approximately 38,515 cars per day. The property is situated in a strong retail corridor, as it sits directly across the street from The Commons at Dexter Lake a +/- 166,958 square foot shopping center The center features several major retailers such as Kroger, Stein Mart, Samuel’s Furniture, Marshall’s, and Dress Barn.
The immediate vicinity is surrounded by homes with average household incomes in excess of $78,483. Within a three mile radius of the property there is +/-70,437 people. Additional credit and national tenants in the area are: AutoZone, Aldi, Bank of America, Chuck E. Cheese’s, McDonald’s, Shell, Backyard Burgers and Rite Aid. The population is expected to grow by approximately .43% annually over the next five years.
The Tenant AT&T is under a long-term triple net lease.