Description
Prime Retail Location | Exceptional Demographics
Wolfchase Shops is strategically positioned at the signalized intersection of Highway 64 (Stage Road) and Germantown Parkway—one of the busiest retail corridors in Bartlett, a suburb of Memphis, TN—with combined traffic counts reaching 80,000 vehicles per day. The property sits directly across from the Wolfchase Galleria Mall, home to over 130 national retailers. Nearby major anchors include Sam’s Club, Walmart, Lowe’s, Target, and Home Depot. The surrounding area boasts strong demographics, with over 160,000 residents and an average household income of over $106,000 within a 5-mile radius.
Attractive Lease Terms | Strong Retail Performance
The property benefits from favorable lease structures with current rents at or below market levels, providing future upside through strong scheduled rental increases and re-tenanting opportunities. Mattress Firm continues to demonstrate strong in-store sales, approaching its percentage rent threshold in recent years. Subway recently renewed for a 10 year term with 3% annual rental increases. T-Mobile is still in its primary term and includes strong 5 year renewals with significant rental increases
National Tenant Lineup | NNN Leases
The center is anchored by nationally recognized tenants Mattress Firm, T-Mobile, and Subway, ensuring steady foot traffic and brand-driven consumer appeal. T-Mobile most recently signed a new 10-year lease and fully renovated its space as part of a strategic relocation from a nearby site. All leases are triple-net (NNN), with tenants reimbursing the landlord for operating expenses on a monthly basis.
Strong Memphis MSA Fundamentals
Located just 17 miles from Downtown Memphis, the property benefits from its proximity to one of the South’s most dynamic metropolitan areas. Memphis, with a city population of over 650,000 and a metro population exceeding 1.3 million, serves as a regional economic hub for Tennessee, Mississippi, and Arkansas.
For additional information, please reach out to Aaron Kazanoff (aaron@benburka.com) for full OM.
Property Size8,100 SqFt
Address
Address: 8070 Stage Road
City: Bartlett
Parish: Shelby
Zip Code: 38133
Neighborhood:
