|
|
Watertower Place 3164 Forest Hill Irene Rd 1,150 - 21,175 SF of Retail Space Available in Germantown, TN 38138
HIGHLIGHTS
- New Facade Improvements Coming Soon!
- High Median HH Income
- Walkable Retail
SPACE AVAILABILITY (8)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 2,695-5,000 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $11,667 /MO $140,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 102 | 1,295-2,590 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $6,043 /MO $72,520 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 103 | 1,295-2,590 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $6,043 /MO $72,520 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 104 | 1,295 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $3,022 /MO $36,260 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 105 | 1,295 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $3,022 /MO $36,260 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 106/107 | 5,785 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $13,498 /MO $161,980 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 108 | 1,470 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $3,430 /MO $41,160 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 109 | 1,150 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $2,683 /MO $32,200 /YR | Triple Net (NNN) |
1st Floor, Ste 101
Endcap proposed restaurant with space for outdoor patio dining.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor, Ste 102
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 103
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 104
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 105
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 106/107
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 108
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 109
- 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.
SELECT TENANTS AT WATERTOWER PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Millennium Home Furnishings & Accents
- Retailer
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Millennium Home Furnishings & Accents | Retailer | 1 | Local |
PROPERTY FACTS
| Total Space Available | 21,175 SF | Gross Leasable Area | 17,600 SF |
| Min. Divisible | 1,150 SF | Year Built/Renovated | 2008/2025 |
| Property Type | Retail | Parking Ratio | 4.55/1,000 SF |
| Property Subtype | Restaurant |
| Total Space Available | 21,175 SF |
| Min. Divisible | 1,150 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 17,600 SF |
| Year Built/Renovated | 2008/2025 |
| Parking Ratio | 4.55/1,000 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.? Pre-leasing is now underway for 8-10 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
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Forest Hill-Irene Road | Belle Fleurs Cove, N | 14,343 | 2022 | 0.16 mi |
| 1455 | Corporate Gardens Dr, W | 14,736 | 2025 | 0.16 mi |
| FOREST HILL-IRENE RD. | Corporate Gardens Dr, W | 14,259 | 2024 | 0.16 mi |
| Forest Hill Irene Rd | Village Shops Dr, S | 11,868 | 2025 | 0.24 mi |
| Forest Hill Irene Rd | Belle Fleurs Cove, N | 10,612 | 2025 | 0.49 mi |
| Forest Hill-Irene Road | Forest Hill Ln, N | 8,845 | 2023 | 0.54 mi |
| FOREST HILL-IRENE RD. | Forest Hill Ln, N | 7,807 | 2021 | 0.54 mi |
| 1455 | Forest Hill Ln, N | 8,918 | 2025 | 0.54 mi |
| Johnson Rd | Poplar Grove Cir, S | 6,276 | 2024 | 0.62 mi |
| JOHNSON RD. | Poplar Grove Cir, S | 8,183 | 2021 | 0.66 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Proposed Exterior Image
Suite Floorplan with Numbers
Main Image 2
Plat Map