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Watertower Place 3164 Forest Hill Irene Rd 1,182 - 17,629 SF of Retail Space Available in Germantown, TN 38138
HIGHLIGHTS
- New Facade Improvements Coming Soon!
- High Median HH Income
- Walkable Retail
SPACE AVAILABILITY (10)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,412 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $55,189 CAD/YR $4,599 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 10 | 1,182 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $46,199 CAD/YR $3,850 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2 | 1,299 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $50,772 CAD/YR $4,231 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 1,289 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $50,382 CAD/YR $4,198 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4 | 1,289 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $50,382 CAD/YR $4,198 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 5 | 1,297 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $50,694 CAD/YR $4,225 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 6 | 1,307 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $51,085 CAD/YR $4,257 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 7 | 1,793 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $70,081 CAD/YR $5,840 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 8 | 5,262 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $205,669 CAD/YR $17,139 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 9 | 1,499 SF | 5-10 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $58,590 CAD/YR $4,882 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Endcap proposed restaurant with space for outdoor patio dining. - Suite 1-3 on attached layout
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor, Ste 10
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 2
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 3
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 4
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 5
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 6
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 7
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 8
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 9
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 17,629 SF | Gross Leasable Area | 21,175 SF |
| Property Type | Retail | Year Built/Renovated | 2008/2025 |
| Property Subtype | Restaurant | Parking Ratio | 3.78/1,000 SF |
| Total Space Available | 17,629 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 21,175 SF |
| Year Built/Renovated | 2008/2025 |
| Parking Ratio | 3.78/1,000 SF |
ABOUT THE PROPERTY
CRYE-LEIKE COMMERCIAL is excited to announce the redevelopment of WATERTOWER PLACE in Germantown! This stunning 17,000-square-foot retail center is strategically located at the high-traffic intersection of Poplar Pike and Forest Hill Irene. Nearby retail developments include class A centers like Shoppes of Forest Hill Target, Sprouts, Fresh Market, Congregation Coffee, and Corporate Gardens. Watertower Place is set to become a premier shopping and dining destination for Germantown and Collierville residents. Uniquely positioned at the Germantown and Collierville border, Watertower Place is anticipated to pull a significant customer base from both communities as well as heavy drive-by traffic exposure. Leasing is now underway for 10 retail suites, with an anchor restaurant featuring outdoor dining planned for the end cap. Proposed tenants include high-end fashion, design, and home retail brands, creating a vibrant mix of shopping and lifestyle experiences. Exterior upgrades are already in progress, with additional suites available to complete this exciting development. Are you ready to move to Germantown? Call today to schedule a tour or request additional information. 901.262.2055 901.758.5670
- Signage
NEARBY MAJOR RETAILERS
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Watertower Place | 3164 Forest Hill Irene Rd
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