Aldi
785 Union Avenue, Memphis, TN 38103
Aldi, a leading grocery retailer known for consistent growth, is committed to a long-term 10-year Net lease
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 Research Hospital, the University of Tennessee Health Science Center, and Methodist University Hospital.
Quick access to I-40, I-55, and I-240
Traffic Count
Union Ave: 38,137 vpd
I-69: 41,249 vpd Southbound
I-69: 44,887 vpd Northbound
Building Details
- For Sale $5,900,000
- Property Type Retail
- Property Size 27,800 SF
- Lot Size 2.45 Acre
- NOI / YR $273,360.00
- Additional Rent Price on request
- Year Built 2025
- Date Updated Sep 4, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Hunington Properties
Hunington Properties
Hunington Properties
Location
- City Memphis, TN
- Neighborhood Downtown Memphis
- Zip Code 38103
- Market Memphis
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Walk score 64/100 Somewhat Walkable -
Transit score 41/100 Some Transit -
Bike score 69/100 Bikeable
Points of Interest
Orleans
0.23 miles
Dunlap
0.23 miles
Pauline
0.39 miles
Danny Thomas
0.56 miles
Third Street
0.87 miles
Cleveland Street
1.02 miles
Union
1.09 miles
Peabody Place
1.10 miles
Madison
1.10 miles
Beale Street
1.11 miles
Valero
0.52 miles
Exxon
1.08 miles
BP
1.17 miles
Kroger
1.30 miles
Citgo
1.35 miles
Mobil
1.45 miles
Shell
1.69 miles
ChargePoint
8.16 miles
Pauline Garage
0.54 miles
Metropolis
0.75 miles
Associate Parking Garage
0.82 miles
Hilton Garden Inn Lot
0.88 miles
Peabody Place Parking Garage
0.91 miles
Toyota Center Parking Garage
0.92 miles
FedEx Forum Parking Garage
0.93 miles
MUH Parking Garage
0.94 miles
One Memphis Place Garage
0.95 miles
First Tennessee Bank Parking Garage
0.97 miles
Peabody Place
0.97 miles
Viet Hoa Food Market
1.11 miles
Kroger
1.26 miles
Cash Saver
1.61 miles
Cordelia's Market
1.90 miles
The Fresh Market
2.60 miles
Superlo Foods
3.50 miles
ALDI
5.04 miles
High Point Terrace Shopping Center
5.54 miles
High Point Grocery
5.54 miles
Listing Summary
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Property Financials 785 Union Avenue is currently listed for sale at $5,900,000 for a price per square foot of $212.23.
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Property Details 785 Union Avenue totals 27,800 square feet of Retail space on a lot spanning 2.45 acres. The property was initially built in 2025.
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Area Characteristics 785 Union Avenue is located in the Downtown Memphis neighborhood.
There are 5 other retail properties listed for sale in the neighborhood. In terms of ease of commuting, the area has a walk score of 64, indicating that it is somewhat walkable.
