Two-Tenant NNN Investment
For Sale
Contact for pricing
Pending
7945 Winchester Rd, Memphis, TN 38125
Corporate-backed leases support a low-maintenance ownership structure with scheduled increases and extended term options.
Property SizeContact for details
Days on Market141
Property Features for 7945 Winchester Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Costco, Lowe's
Traffic Count
64,700 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:42AM
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 commercial investment includes land and buildings occupied by two national tenants: Starbucks and Chase Bank. Both leases are structured as NNN agreements, with scheduled rental increases during the initial terms and option periods. Chase has executed a new 15-year lease with three 5-year extension options, while Starbucks is pursuing an early lease extension. The ownership structure is designed to limit landlord responsibilities.
The property is positioned near the signalized intersection of Winchester Road and Hacks Cross Road in Memphis, with reported combined traffic of 64,700 vehicles daily. It serves as an outparcel to Costco and Lowe’s and is surrounded by major retailers including Walmart Supercenter, Home Depot, Sam’s Club, and Dick’s Sporting Goods. State Highway 385 access is less than 1 mile away, with reported traffic of 107,800 VPD. The surrounding 5-mile trade area includes more than 179,300 residents and 93,500 employees, with average household income of $114,872.
The property is positioned near the signalized intersection of Winchester Road and Hacks Cross Road in Memphis, with reported combined traffic of 64,700 vehicles daily. It serves as an outparcel to Costco and Lowe’s and is surrounded by major retailers including Walmart Supercenter, Home Depot, Sam’s Club, and Dick’s Sporting Goods. State Highway 385 access is less than 1 mile away, with reported traffic of 107,800 VPD. The surrounding 5-mile trade area includes more than 179,300 residents and 93,500 employees, with average household income of $114,872.
Key Highlights
- Two‑tenant NNN property occupied by Starbucks and Chase Bank
- Chase lease includes a 15‑year initial term and three 5‑year extension options
- Scheduled rental increases apply during the initial terms and option periods
Property Analytics
Property Profile
Current Use
Lease Details
64,700 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
550k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 20%
Superstores 20%
Apparel 12%
Costco Wholesale
Superstores
107,482 visits/mo
0.2 miles
Kroger
Groceries
46,014 visits/mo
0.1 miles
Burlington
Apparel
29,809 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
26,695 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
24,781 visits/mo
0.2 miles
Demographics for 38125, TN
40,970
Population
16,435
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
2,156
Density / Sq Mi
$83,184
Median Household Income
$45,793
Median Earnings
$1,440
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed leases support a low-maintenance ownership structure with scheduled increases and extended term options.
Where is this nnn property located?
The property is located at 7945 Winchester Rd Memphis, TN.
What are key features of this property?
This property features: Two‑tenant NNN property occupied by Starbucks and Chase Bank; Chase lease includes a 15‑year initial term and three 5‑year extension options; Scheduled rental increases apply during the initial terms and option periods
