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Austin Peay Plaza 3250-3278 Austin Peay Hwy 13,000 - 35,000 SF of Retail Space Available in Memphis, TN 38128
HIGHLIGHTS
- Perched at the intersection of Austin Peay Highway and Coleman Road, the center enjoys visibility to over 37,000 vehicles daily.
- In a major retail hub near other big names like Aldi, Jiffy Lube, Papa John’s, Smoothie King, McDonald’s, and more, drawing consumers to the area.
- Area demographics bode well for business with consumer spending exceeding $1.52 billion in a 5-mile radius of Austin Peay Plaza.
- Become part of a dynamic tenant mix that includes Beautify & Company, Citi Trends, Crunch Fitness, and dd’s Discounts.
- Accessibility to and from the property is a breeze with four curb cuts and over 500 parking spaces for customers and tenants.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3252R | 13,000-35,000 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 3252R
Formerly a retail space, this partially built-out suite is situated alongside other retail tenants. It features covered entrances and direct access to a well-lit parking lot with four curb cuts.
- Partially Built-Out as Professional Services Office
- Located in-line with other retail
- Covered Entrances
- Direct Access to Parking Lot
- High Visibility
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.
MATTERPORT 3D TOUR
SELECT TENANTS AT AUSTIN PEAY PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Beauty & Company
- Health & Beauty Aids
- 8
- Regional
- Citi Trends
- Unisex Apparel
- 695
- National
- Crunch Fitness
- Fitness
- 796
- International
- dd's Discounts
- Unisex Apparel
- 407
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Beauty & Company | Health & Beauty Aids | 8 | Regional |
| Citi Trends | Unisex Apparel | 695 | National |
| Crunch Fitness | Fitness | 796 | International |
| dd's Discounts | Unisex Apparel | 407 | National |
PROPERTY FACTS
| Total Space Available | 35,000 SF | Gross Leasable Area | 160,630 SF |
| Min. Divisible | 13,000 SF | Total Land Area | 10.99 AC |
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Storefront | Parking Ratio | 3.35/1,000 SF |
| Total Space Available | 35,000 SF |
| Min. Divisible | 13,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 160,630 SF |
| Total Land Area | 10.99 AC |
| Year Built | 1974 |
| Parking Ratio | 3.35/1,000 SF |
ABOUT THE PROPERTY
Austin Peay Plaza is a well-established retail destination at 3250 Austin Peay Highway in Memphis, Tennessee. Covering nearly 11 acres, this property can handle significant traffic. Located on Austin Peay Highway, it enjoys outstanding daily visibility. Built in 1974, the center maintains high occupancy levels, allowing new tenants to benefit from steady consumer visits. The diverse mix of current tenants makes it easy for additional businesses to join. Anchor tenants include dd's Discounts, Citi Trends, and Crunch Fitness. The site offers attractive features such as four exterior docks, a 17-foot building height, and excellent signage options, which include a pylon sign and high visibility at a signalized intersection. Situated among prominent national retailers, including The Home Depot, Aldi, McDonald’s, and Smoothie King, this property benefits from strong consumer engagement. The local demographics underscore retail potential, with a population of 170,000 and a median household income of approximately $47,459 within a 5-mile area. Consumer spending is also lofty, contributing to the success of the center. The community comprises both residential and commercial properties, fostering a stable and active customer base. Austin Peay Plaza offers accessibility via public transportation and is conveniently located along a bus line, increasing its appeal for both tenants and customers. Featuring 548 feet of frontage on Austin Peay Highway and 463 feet on Coleman Road, each with curb cuts, the site provides excellent ingress and egress for vehicles and pedestrians. Austin Peay Plaza represents a prime opportunity for businesses seeking a high-traffic, strategically positioned retail or office space in the dynamic Memphis submarket.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
Austin Peay Plaza | 3250-3278 Austin Peay Hwy