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140 Lt George W Lee Ave 3,635 SF of Retail Space Available in Memphis, TN 38103
Highlights
- Located one block from Beale Street Historic District and FedEx Forum, drawing over 5 million visitors annually.
- Built in 2007 with modern infrastructure and adaptable retail layouts.
- Situated in a high-density area with strong daytime population and robust retail spending.
- Adjacent to The Westin Hotel and near major corporate headquarters, including AutoZone and FedEx.
- On-site parking garage with 541 spaces provides convenience for employees and customers.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,635 SF | 3-5 Years | $22.50 /SF/YR $1.88 /SF/MO $81,788 /YR $6,816 /MO | Triple Net (NNN) |
1st Floor
Take advantage of this incredible opportunity to lease ground-level retail or restaurant space just one block from the world-famous Beale Street Historic District—drawing in over 4.2 million visitors each year—and directly next to the FedEx Forum, which welcomes another 1.2 million annually. This location is truly in the middle of it all, right next to The Westin Hotel, which sees about 84,000 guests per year, and just a short walk from major corporate hubs including AutoZone Headquarters, ServiceMaster Headquarters, FedEx Logistics, and Indigo Ag. Originally built in 2007, the property offers 32,154 SF of retail space on .738 acres, with C-H zoning, ideal for commercial use. Plus, there's a connected parking garage with 541 spaces, making it ultra-convenient for customers, clients, and staff alike. If you’re looking to plant your business in a high-traffic, high-visibility location in the heart of downtown Memphis, this is the space for you.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Affordable commercial space in Downtown Memphis
- Total space available : 9,305 SF; minimum divisibl
- On-site parking in Lee’s Landing Garage for employ
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,635 SF | Year Built | 2017 |
| Property Type | Retail | Parking Ratio | 5.37/1,000 SF |
| Gross Leasable Area | 9,305 SF |
| Total Space Available | 3,635 SF |
| Property Type | Retail |
| Gross Leasable Area | 9,305 SF |
| Year Built | 2017 |
| Parking Ratio | 5.37/1,000 SF |
About the Property
Lee’s Landing offers a premier retail and restaurant opportunity in the heart of Downtown Memphis, just steps from the Beale Street Historic District and FedEx Forum. This ground-level space provides exceptional visibility and access to a vibrant pedestrian corridor that attracts millions of visitors annually. The property is adjacent to The Westin Hotel and within walking distance of major corporate offices, including AutoZone Headquarters, ServiceMaster, FedEx Logistics, and Indigo Ag, ensuring a strong daytime population and consistent foot traffic. The site features flexible configurations with a total of 9,305 SF available, divisible to 3,635 SF. Tenants benefit from on-site parking in a 541-space garage, a rare amenity in the downtown core. The property’s C-H zoning supports a wide range of retail and dining concepts, making it an attractive option for operators seeking a high-traffic, urban location. With proximity to entertainment venues, hotels, and residential developments, Lee’s Landing positions businesses to capture both local and visitor spending in a dynamic, growing market.
Nearby Major Retailers
Contact the Leasing Agent
140 Lt George W Lee Ave