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Memphis, TN NNN Properties for Sale

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16 properties
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Spa and Wellness Property
Updated: Oct 7
Spa and Wellness Property

4280 CHERRY CENTER Dr, Memphis, TN 38118

Contact for pricing
Built in 1984
Event‑hosting space with spa amenities
Pool, saunas, and steam room
Catering identified as an option
Triple‑net lease structure
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Dollar Tree NNN Retail Property
Updated: Aug 16
Dollar Tree NNN Retail Property

1246 Lamar Ave, Memphis, TN 38104

$1,193,000
8,320 sqft 0.86 AC lot
Dollar Tree occupies an approximately 8,320‑square‑foot single‑tenant retail building
±0.86‑acre parcel with ample parking
NN+ lease structure limits landlord responsibilities
Signalized intersection along Lamar Avenue
8.01% cap rate
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Walgreens NNN Ground Lease
Walgreens NNN Ground Lease

1863 Union Ave, Memphis, TN 38104

$4,760,000
13,963 sqft 2.29 AC lot

Corporate-guaranteed NNN ground lease with approximately 49 years remaining through 2074.

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See hot listings in Memphis

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Four-Tenant NNN Retail Center
Four-Tenant NNN Retail Center

2094 Frayser Blvd, Memphis, TN 38127

$524,285
2,950 sqft

A fully occupied, multi-tenant retail property with a net-leased structure and four separate occupants.

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Absolute NNN Wendy’s Restaurant
Absolute NNN Wendy’s Restaurant

6781 E Shelby Dr, Memphis, TN 38141

$2,172,276
2,646 sqft

Absolute NNN Wendy’s investment offered with approximately 13 years remaining and a tenant-guaranteed lease structure.

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Drive-Thru Coffee Kiosk NNN
Drive-Thru Coffee Kiosk NNN

1698 Poplar Ave, Memphis, TN 38112

$1,805,000
806 sqft 0.30 AC lot

Single-tenant NNN drive-thru kiosk leased to Scooter’s Coffee on a hard-corner signalized site with convenient ingress/egress.

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NNN Ground Lease Outparcel
NNN Ground Lease Outparcel

3551 Austin Peay Hwy, Memphis, TN 38128

$2,098,000
0.93 AC lot

Corporate lease terms place maintenance and property expenses outside the landlord’s responsibilities.

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Corporate NNN Ground Lease
Corporate NNN Ground Lease

3551 Austin Peay Highway, Memphis, TN 38128

Contact for pricing
2,366 sqft 0.93 AC lot

Corporate ground lease with landlord maintenance and expense obligations excluded under the stated NNN structure.

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Dutch Bros Drive-Through NNN Property
Dutch Bros Drive-Through NNN Property

3495 Austin Peay Highway, Memphis, TN 38128

Contact for pricing
1,025 sqft

Newly built coffee drive-through with an absolute NNN lease and corporate guaranty.

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Aldi Grocery Store
Aldi Grocery Store

785 Union Ave, Memphis, TN 38103

Contact for pricing
27,800 sqft

Long-term 10-year net lease with access to three major interstate routes.

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NNN Drive-Through Property
NNN Drive-Through Property

749 South Highland Street, Memphis, TN 38111

Contact for pricing
2,711 sqft 0.65 AC lot

Wendy’s-branded restaurant property carries a long-term triple-net lease structure with scheduled annual increases.

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Single-Tenant Manufacturing Property
Single-Tenant Manufacturing Property

280 E Mallory Ave, Memphis, TN 38109

Contact for pricing
28,000 sqft

NNN lease includes renewal options and assigns taxes, insurance, and operating expenses to the tenant.

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Park Avenue Restaurant Ground Lease
Park Avenue Restaurant Ground Lease

5091 Park Ave, Memphis, TN 38117

Contact for pricing
899 sqft

Fully leased Back Yard Burgers on Park Avenue for sale.

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Freestanding Chase Bank Net Lease
Freestanding Chase Bank Net Lease

4910 Raleigh Common Dr, Memphis, TN 38128

Contact for pricing
3,000 sqft

Net leased Chase Bank in revitalized Raleigh commercial corridor.

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Large-Format Retail Space
Large-Format Retail Space

1300 E Shelby Dr, Memphis, TN 38116

Contact for pricing
147,900 sqft

Substantial retail area on E Shelby Drive near Starbucks, Kroger, Regions, AutoZone, Walgreens, and IHOP.

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Industrial Property with Absolute NNN Lease
Industrial Property with Absolute NNN Lease

1833 Titus Rd, Memphis, TN 38111

Contact for pricing
47,412 sqft

Sale-leaseback structure with an absolute NNN lease and CMU-3 zoning.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 16 Active listings in Memphis, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Space Near University
Retail Space Near University

1113 Jackson Ave, Oxford, MS 38655

Contact for pricing
1,770 sqft

Newly built commercial space positioned along a heavily traveled retail corridor near established businesses.

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Single-Tenant Medical Office Space
Single-Tenant Medical Office Space

1248 W Keiser Ave, Osceola, AR 72370

Contact for pricing
1,300 sqft

Newly constructed clinic leased on an absolute NNN basis with annual rent escalations.

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12-Operatory Medical Office
12-Operatory Medical Office

2710 West Oxford Loop, Oxford, MS 38655

Contact for pricing

The leased facility includes a dedicated dental lab and operates under a NNN lease structure.

View details
Domino's NNN Ground Lease Retail
Domino's NNN Ground Lease Retail

1216 W Keiser, Osceola, AR 72370

Contact for pricing

Domino's NNN ground lease with a 10-year initial term that began Nov 1, 2022.

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Memphis, TN Nnn Properties Market Trends and Statistics

Explore 16 nnn properties for sale in Memphis, TN, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 289,798 square feet of properties for sale, with an estimated market value of $12,552,561.

Sale prices for triple net lease properties in Memphis, TN start at $524,285, averaging $2,092,093, and reaching up to $4,760,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 718K
Population Growth (5Y) -3.1%
Median Household Income $61,271
College Educated 18.4%

High-Yield Neighborhoods for Investment

Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
38127 $524.3K
38112 $1.8M
38128 $2.1M
38141 $2.2M
38104 $3M

Taxes & Financing

Tax Rate (average for all types) 5.80%
Property Tax per SF $85.96 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Shelby County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Memphis fall within the 100,000+ square foot range.

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