Corporate-Leased NNN Retail
For Sale
Contact for pricing
Pending
3689 S Houston Levee Rd, Collierville, TN 38017
Signalized corner location beside a major power center with national retail anchors.
Property SizeContact for details
Days on Market142
Property Features for 3689 S Houston Levee Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
43,200 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee simple retail property includes land and building ownership and is leased to Walgreen Co. under a corporate-signed NN lease. The current term has approximately 9 years remaining, followed by 8 (5-year) extension options. The lease carries limited landlord responsibilities, and the corporate guarantor is rated S&P: BBB.
The Walgreens occupies a signalized corner at S. Houston Levee Rd. and Winchester Rd. with combined daily traffic averaging 43,200 vehicles. The site has significant street frontage and a large monument sign. It is positioned as an outparcel to Gallina Centro, a 312,000 SF power center anchored by Kroger, Kohl’s, HomeGoods, Michael’s, and additional retailers. Other nearby national and credit tenants include Target, Sprouts, JoAnn Fabrics, Marshalls, and Circle K. The property is in Collierville, Tennessee, within the Memphis MSA.
The Walgreens occupies a signalized corner at S. Houston Levee Rd. and Winchester Rd. with combined daily traffic averaging 43,200 vehicles. The site has significant street frontage and a large monument sign. It is positioned as an outparcel to Gallina Centro, a 312,000 SF power center anchored by Kroger, Kohl’s, HomeGoods, Michael’s, and additional retailers. Other nearby national and credit tenants include Target, Sprouts, JoAnn Fabrics, Marshalls, and Circle K. The property is in Collierville, Tennessee, within the Memphis MSA.
Key Highlights
- Walgreen Co. corporate‑signed NN lease with approximately 9 years of firm term remaining
- 8 (5‑year) lease extension options
- Corporate guarantor rated S&P: BBB
Property Analytics
Property Profile
Current Use
Lease Details
43,200 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
349k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 28%
Groceries 18%
Apparel 12%
Kroger
Groceries
62,270 visits/mo
0.2 miles
Kohl's
Apparel
40,383 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
32,060 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
25,977 visits/mo
0.1 miles
SONIC Drive In
Dining
25,551 visits/mo
0.2 miles
Demographics for 38017, TN
55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Signalized corner location beside a major power center with national retail anchors.
Where is this nnn property located?
The property is located at 3689 S Houston Levee Rd Collierville, TN.
What are key features of this property?
This property features: Walgreen Co. corporate‑signed NN lease with approximately 9 years of firm term remaining; 8 (5‑year) lease extension options; Corporate guarantor rated S&P: BBB
