This paper presents a 40-nm 8T SRAM in which bitlines are partially discharged by a selective source line control (SSLC) for low-power operation. The proposed SSLC scheme reduces a read bitline voltage swing in an unselected column with a floating source line (SL) of dedicated read ports. The SL is controlled by an additional NMOS switch that is turned on in a selected column, but the switch is kept off in the remaining unselected columns. The proposed scheme is effective for power reduction in successive address readouts through a single column. Furthermore, this paper introduces an address preset structure. The preset address enables the SRAM to be read out with no access time penalty for preferred use of the SSLC scheme. We fabricated a 16-Kb 8T SRAM test chip in a 40-nm CMOS process and observed that the proposed SSLC scheme with the address preset structure saves 38.1% of the readout power on average.