Listing Agency: CBRE - Memphis p***@cbre.com Show Phone

Listed By: Patrick Walton · License #309706 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 20 Last Checked: Aug 30 at 1:27PM

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Investment Insights

Based on property information with market context.

Located in the Southeast submarket of Memphis, Tennessee, this property offers 461,573 square feet of warehouse space. It is suitable for warehouse, industrial, and distribution purposes.

Key Highlights

• Located in the Memphis, TN Southeast Submarket

Property Analytics

Property Profile

Current Use

Appleton Electric Division Electrical Service EGS Electrical Group Building Supply FlexiSpot Furniture & Home Goods Lecang, LLC Warehouse & Storage Midwest Warehouse Warehouse & Storage

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

325

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 38115, TN

40,076

Population

19,179

Households

2.1

Avg Household Size

30

Median Age

14%

College-Educated

87%

High-School Grad

8.6 sq mi

ZIP Area

4,660

Density / Sq Mi

$42,931

Median Household Income

$32,997

Median Earnings

$1,129

Median Rent

$129,700

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$10.64 /SF/Yr

Avg Asking Price

$7.5–$12 /SF/Yr

Price Range

72,822 SF

Avg Space Size

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Large warehouse space for rent in Memphis, Tennessee.

Where is this warehouse located?

The property is located at 5625 Challenge Drive Memphis, TN.

What are key features of this property?

This property features: Located in the Memphis, TN Southeast Submarket