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Aldi 785 Union Ave

27,800 SF Retail Building Memphis, TN 38103 For Sale

Investment Highlights

  • Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
  • Quick access to I-40, I-55, and I-240
  • Located in the vibrant Medical District near the edge of Downtown Memphis, this property is just minutes from major landmarks like St. Jude Children’s

Attachments

Aldi_785 Union Avenue-For Sale

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,800 SF
Building Class
B
Year Built
1999
NOI
£219,098
Tenancy
Single
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
2.45 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
IL - Light Industrial zoning
Parking
200 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
297 ft on Beale St

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
  • Signalised Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,122 SF
  • Retail
  • End Cap
  • 30 Days

6,122 SF Retail Space in Aldi Anchored Building in the Fast-Growing Medical District.

Space Size Space Use Position Available
1st Floor 6,122 SF Retail End Cap 30 Days

1st Floor

Size
6,122 SF
Space Use
Retail
Position
End Cap
Available
30 Days

1st Floor

Size 6,122 SF
Space Use Retail
Position End Cap
Available 30 Days

6,122 SF Retail Space in Aldi Anchored Building in the Fast-Growing Medical District.

Links

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Nearby Major Retailers

HOTWORX
Starbucks
Truist
Cadence Bank
CrossFit
Regions Bank
Checkers
Lenny's Franchisor, LLC Support Center
First Horizon Bank
Shred415

PROPERTY TAXES

Parcel Number 00-7028-0-0003C Improvements Assessment £691,823
Land Assessment £569,097 Total Assessment £1,260,920

PROPERTY TAXES

Parcel Number
00-7028-0-0003C
Land Assessment
£569,097
Improvements Assessment
£691,823
Total Assessment
£1,260,920
(713) 623-6944 x312

Contacts

  • Listing ID: 34383625

  • Date on Market: 06/01/2025

  • Last Updated:

  • Address: 785 Union Ave, Memphis, TN 38103

The Retail Property at 785 Union Ave, Memphis, TN 38103 is currently available for sale. Contact Hunington Properties, Inc. for more information.

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© 2025 CoStar Group

Aldi | 785 Union Ave
(713) 623-6944 x 312

Aldi | 785 Union Ave

1/3

Jonathan Aron

(713) 623-6944

x312

(713) 623-6944 x312

Sandy Aron

(713) 823-1100

(713) 823-1100

Jeffrey Aron

(713) 623-6944

(713) 623-6944

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