Bojangles - 3551 Austin Peay Hwy

Memphis, TN 38128

• NNN Property
• Retail for Sale
• $2,906,003 CAD
• 2,366 SF

Memphis Retail for Sale - North

This NNN QSR outparcel is situated within the Marketplace at Raleigh development on Austin Peay Highway, a high-frequency corridor anchored by a nearby Walmart Supercenter and Kroger and flanked by co-tenants including Chick-fil-A and Starbucks. The lease structure features a 20-year initial term, zero landlord maintenance or expense responsibilities, and 10% rental increases at each five-year interval. The surrounding trade area benefits from substantial employment infrastructure, including the Amazon fulfillment center in Frayser, Nike’s Northridge distribution campus employing 1,850 workers, Memphis International Airport serving as North America’s busiest cargo hub, and the 246-bed Methodist North Hospital. Civic reinvestment along the corridor is anchored by the $45 million Raleigh Springs Civic Center, with 20 acres of its site designated by the City of Memphis for commercial development projected to generate $91 million in new investment.

Contact:

CP Partners CRE

Property Subtype:

Fast Food

Date on Market:

2026-08-07

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Dutch Bros - 3495 Austin Peay Hwy

Memphis, TN 38128

• NNN Property
• Retail for Sale
• $4,196,415 CAD
• 1,025 SF

Memphis Retail for Sale - North

Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Memphis, Tennessee. Dutch Bros is a rapidly expanding tenant with goals of reaching 2,029 stores by 2029 as well as annual revenue growth of 20%. This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The lease also features a strong corporate guaranty. The store has completed construction & successfully opened for business in June 2026. This Dutch Bros is located off of the Austin Peay Highway (seeing 36,990 cars per day) in front of a Save-A-Lot anchored shopping center. Situated on a main retail thoroughfare, this site is surrounded by residential homes. In 2020, the civic center across the street completed a $45 Million redevelopment that activated this area with new development! Since then Chick-fil-A, Whataburger, Starbucks and many other tenants in the immediate surrounding area have opened new locations here. The 5 mile population from the site is 152,710. The 1 mile household income is $78,520. The 5 mile consumer spending is a huge $1.4 BILLION. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $166,629. Instate Broker of Record: Brian Brockman | Bang Realty

Contact:

Fortis Net Lease

Property Subtype:

Fast Food

Date on Market:

2026-08-03

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Pad to Target/Sprouts | 10+ Yrs, 3% Ann - 3100 Forest Hill Irene Rd

Germantown, TN 38138

• NNN Property
• Retail for Sale
• $3,331,238 CAD
• 3,346 SF

• Restaurant

Germantown Retail for Sale - 385 Corridor

This offering presents the opportunity to acquire a high-performing single-tenant net leased restaurant investment located in Germantown, Tennessee, one of the most affluent and established suburban communities within the Memphis MSA. The property is strategically positioned as a highly visible outparcel to The Shops of Forest Hill, a Target and Sprouts Farmers Market-anchored shopping center serving one of the region’s most desirable retail trade areas. According to Placer.ai, The Shops of Forest Hill ranks in the Top 13% of community shopping centers in Tennessee and the Top 19% of shopping centers within a 15-mile radius, benefiting from a diverse mix of national retailers, restaurants, service providers, and entertainment uses. The investment is secured by a long-term net lease featuring 3% annual rental increases and more than 10 years of remaining lease term, providing investors with attractive contractual income growth. The location has demonstrated strong operating performance, supported by an exceptionally low 4.3% rent-to-sales ratio and five years of successful operations at the property. Gus’s World Famous Fried Chicken is an iconic restaurant concept with deep Memphis roots dating back to 1953 and has expanded to more than 35 locations across 15 states. The brand enjoys strong recognition throughout the Mid-South and has developed a loyal customer following nationwide. The property benefits from exceptional demographics, including average household income exceeding $284,000 within one mile and approximately 49,000 residents within three miles. Located near the signalized intersection of Forest Hill Irene Road and Poplar Avenue, the asset enjoys strong visibility, excellent accessibility, and proximity to major employment drivers, including FedEx World Headquarters, located approximately seven miles from the property. Combining a proven restaurant operator, strong location fundamentals, contractual rent growth, exceptional demographics, and irreplaceable Germantown real estate, the offering presents a compelling opportunity to acquire a premier net leased retail investment in one of Tennessee’s most desirable suburban markets.

Contact:

Lee & Associates Commercial Real Estate Services

Property Subtype:

Freestanding

Date on Market:

2026-06-08

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Wendy's - 749 S Highland St

Memphis, TN 38111

• NNN Property
• Retail for Sale
• $3,483,748 CAD
• 2,711 SF

Memphis Retail for Sale - Midtown

Surmount is pleased to present the Offering Memorandum for a Wendy's located at 749 S Highland St, Memphis, TN 38111. The site consists of roughly 2,711 rentable square feet of building space on an estimated 0.65-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 5/6/2021. The current annual rent is $138,331 and has scheduled increases of lesser of change in cpi or 1.25% annually.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2026-06-04

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Hacks Cross Plaza - 4202 Hacks Cross Rd

Memphis, TN 38125

• NNN Property
• Retail for Sale
• $8,522,630 CAD
• 31,861 SF

Memphis Retail for Sale - 385 Corridor

Hacks Cross Roads presents a compelling investment opportunity as a fully occupied retail shopping center in Memphis, Tennessee. This 31,816 square foot property features a diverse tenant mix, including anchor tenants such as Family Dollar and Jerusalem Kabob and Cafe LLC, ensuring a stable income stream. The property is offered at of $6,152,946.00 w ith a cap rate of 6.73%, reflecting its strong financial performance. The center generates an adjusted net operating income of $414,093.27, w ith total annual income reaching $585,115.08, inclusive of base rent and NNN reimbursements. Tenants operate under a triple net lease structure, minimizing ow ner expenses and maximizing returns. Strategically located on Hacks Cross Road, the center benefits from a high traffic count of 66,065 vehicles per day, enhancing its visibility and accessibility. The immediate area is characterized by strong demographics, w ith a population of 279,048 w ithin a 5-mile radius. The property serves as a vital retail hub in a thriving commercial corridor, supported by a robust tenant roster and long-term leases, making it an ideal investment for those seeking reliable cash flow and grow th potential in the Memphis market.

Contact:

A&M Realty Inc

Property Subtype:

Storefront

Date on Market:

2026-05-11

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5% Incrs Every 5 Yrs | Replaceable Rents - 3515 Park Ave

Memphis, TN 38111

• NNN Property
• Retail for Sale
• $4,489,691 CAD
• 15,435 SF

Memphis Retail for Sale - East

We are pleased to market for sale the Walgreens property located at 3515 Park Ave, Memphis, TN 38111 ("The Property"). Walgreens has been operating at this location for 24 years and has approximately 9 years remaining on its lease. The lease offers 5% rental increases every 5 years, and in each of the 12 5-year options. Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever. The Property is expected to benefit from the transfer of prescription counts from a nearby Walgreens located 2.3 miles away that is scheduled to close on July 21, 2026. According to Placer.ai, the property ranks in the top 25% of Walgreens nationwide. Strategically located 0.5 miles from the University of Memphis, the property benefits from close proximity to the university with over 24,000 students and faculty, generating steady traffic and pharmacy demand. Situated 5.5 miles from Downtown Memphis, the Property benefits from its close proximity to the city’s core and supports 101,000 households and a total population of over 245,000 within a 5-mile radius. In addition, the property is located 2.5 miles from the FedEx World Hub, the largest sorting facility in FedEx’s global network, employing over 30,000 people locally and generating annual revenues exceeding $45 billion. Positioned within a dense retail corridor, the Property is surrounded by over 8.6 million square feet of existing retail space within a 3-mile radius, with a vacancy rate under 4%. Listed in conjunction with Brian Brockman, Bang Realty - Tennessee Inc, 513-898-1551, wg@bangrealty.com, TN DRE Lic. 343847.

Contact:

Pharma Property Group- Drugstore Specialists

Property Subtype:

Drug Store

Date on Market:

2026-02-10

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Orleans Place - 1789-1799 Kirby Pky

Memphis, TN 38138

• NNN Property
• Retail for Sale
• $10,977,392 CAD
• 19,000 SF

• Restaurant

Memphis Retail for Sale - East

This your chance to own a NNN trophy shopping center at the edge of Germantown and East Memphis. Great long term mix of national and local businesses, all on NNN leases.

Contact:

Crye-Leike Commercial

Date on Market:

2025-12-15

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Dove Family Dental - 4283 Raleigh Millington Rd

Memphis, TN 38128

• NNN Property
• Office for Sale
• $1,728,642 CAD
• 3,224 SF

• Natural Light

Memphis Office for Sale - North

Commitment: Brand new NN 10 yr lease with 3% annual escalations showing their commitment to the market and location. 2025 Renovation opening May 2025. Strong Guarantor: MB2 Dental has 700+ locations, 40 states, private equity backed. In 2023, MB2 saw record growth with 150 new partnerships and secured a $2.3B debt facility with KKR for future growth and acquisitions. Location: Conveniently located at the corner of Raleigh Millington Rd. & Egypt Central Rd. which boasts a combined traffic count of 24k+ VPD. The site is also walking distance to the 3 schools that serve the surrounding community (Egypt Elementary, Raleigh Egypt Middle, & Raleigh Egypt High School)

Contact:

Stream Capital Partners

Property Subtype:

Medical

Date on Market:

2025-01-21

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