Verizon NNN
For Sale
Contact for pricing
8445 Highway 64, Memphis, TN 38133
NN lease structure includes scheduled escalations and a corporate guaranty from Cellular Sales of Knoxville.
Property SizeContact for details
Days on Market145
Property Features for 8445 Highway 64
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 3:03AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This NNN property is occupied by Verizon under a 10-year NN lease. Contractual rent increases of 10% occur every five years, and the lease includes a corporate guaranty from Cellular Sales of Knoxville, identified as Verizon’s largest franchisee in the United States with more than 600 locations.
The property is located at 8445 Highway 64 in Memphis, Tennessee. Rent is scheduled to begin in August 2017.
The property is located at 8445 Highway 64 in Memphis, Tennessee. Rent is scheduled to begin in August 2017.
Key Highlights
- Verizon occupancy at 8445 Highway 64, Memphis, TN 38133
- 10‑year NN lease
- 10% rent increases scheduled every five years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
539k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Dining 25%
Shops & Services 15%
Home Improvements & Furnishings 9%
Walmart
Superstores
152,189 visits/mo
0.3 miles
Sam's Club
Superstores
104,750 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
47,378 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
43,725 visits/mo
0.2 miles
Texas Roadhouse
Dining
32,708 visits/mo
0.2 miles
Demographics for 38133, TN
22,482
Population
8,336
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
1,729
Density / Sq Mi
$82,485
Median Household Income
$46,522
Median Earnings
$1,449
Median Rent
$234,800
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 - NN lease structure includes scheduled escalations and a corporate guaranty from Cellular Sales of Knoxville.
Where is this nnn property located?
The property is located at 8445 Highway 64 Memphis, TN.
What are key features of this property?
This property features: Verizon occupancy at 8445 Highway 64, Memphis, TN 38133; 10‑year NN lease; 10% rent increases scheduled every five years
