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Austin Peay Shops 3265-3277 Austin Peay Hwy 1,400 SF of Retail Space Available in Memphis, TN 38128
HIGHLIGHTS
- Brand newly re-developed Strip Center
- Neighborhood Destination Retailers Galore
- Located in the midst of densely populated residential neighborhoods on THE key, heavily trafficked North Memphis roadway
- Next door to KFC, near newly developed Starbucks and planned Chick-Fil-A properties
- 69,000+ Vehicles Per Day
- Perfect food, service industry and retail bays
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3273 | 1,400 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $28,000 /YR $2,333 /MO | Triple Net (NNN) |
3265-3277 Austin Peay Hwy - 1st Floor - Ste 3273
Former Check Cashing/Title Loan space with a service window in place.
- Lease rate does not include utilities, property expenses or building services
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 1,400 SF | Frontage | 200’ on Austin Peay Hwy |
| Center Type | Strip Center | Gross Leasable Area | 11,360 SF |
| Parking | 50 Spaces | Total Land Area | 1.00 AC |
| Center Properties | 1 | Year Built | 1972 |
| Total Space Available | 1,400 SF |
| Center Type | Strip Center |
| Parking | 50 Spaces |
| Center Properties | 1 |
| Frontage | 200’ on Austin Peay Hwy |
| Gross Leasable Area | 11,360 SF |
| Total Land Area | 1.00 AC |
| Year Built | 1972 |
ABOUT THE PROPERTY
A Brand-newly re-developed Strip Center just one minute away from new $45M Raleigh Town Center including Public Library, Police Precinct, and Walking Trails. New builds of Starbucks, rumors of Chick-Fil-A, Bojangles, etc. Austin Peay Hwy is on fire with 69,852 AADT (Vehicles Per Day - 2020). This is North Memphis's major trade area and provides Long-term Business Feasibility. This center provides Perfect food, service industry and retail bays.
- Bus Line
- Pylon Sign
- Security System
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
Austin Peay Shops | 3265-3277 Austin Peay Hwy