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Aldi 785 Union Ave 27,800 SF 100% Leased Retail Building Memphis, TN 38103 $8,050,019 CAD ($289.57 CAD/SF) 4.63% Cap Rate
Investment Highlights
- Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
- This property is just minutes from major landmarks like St. Jude Children’s Research Hospital, the University of Tennessee Health Science Center
- Located in the vibrant Medical District near the edge of Downtown Memphis
- Quick access to I-40, I-55, and I-240
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,800 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$8,050,019 CAD
Price Per SF
$289.57 CAD
Cap Rate
4.63%
NOI
$372,975 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
2.45 AC
Opportunity Zone
Yes
Zoning
IL - Light Industrial zoning
Parking
200 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-7028-0-0003C | Improvements Assessment | $1,716,439 CAD |
| Land Assessment | $1,206,899 CAD | Total Assessment | $2,923,338 CAD |
Property Taxes
Parcel Number
00-7028-0-0003C
Land Assessment
$1,206,899 CAD
Improvements Assessment
$1,716,439 CAD
Total Assessment
$2,923,338 CAD
Contacts
-
Sandy Aron -
Jonathan Aron -
Jeffrey Aron -
Andrew Wright -
Hunington Properties, Inc.
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Photos
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Presented by
Aldi | 785 Union Ave
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