Your email has been sent.
Perimeter Shopping Center 5200-5280 Summer Ave 9,877 SF of Office/Retail Space Available in Memphis, TN 38122
Highlights
- Completely Renovated in 2021 - Updated photos of building coming next week
- Reach out to Zakaria for more information on lease terms or to schedule a tour
- Within 1 mile from Lowes, Chick-fil-A, Planet Fitness, AutoZone, McDonalds, U-Haul
- Ideal Retail location - located just off the I-40
- High visibility - located on the corner of a signalized intersection
- Move in Ready - Inquire Today!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,877 SF | 2-10 Years | $16.00 /SF/YR $1.33 /SF/MO $158,032 /YR $13,169 /MO | Triple Net (NNN) |
5240 Summer Ave - 1st Floor
Previous furniture store in excellent condition
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Fits 25 - 80 People
- Space is in Excellent Condition
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
Property Facts
| Total Space Available | 9,877 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 371,151 SF |
| Parking | 1608 Spaces | Total Land Area | 95.86 AC |
| Stores | 17 | Year Built | 1972 |
| Center Properties | 5 |
| Total Space Available | 9,877 SF |
| Center Type | Community Center |
| Parking | 1608 Spaces |
| Stores | 17 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 371,151 SF |
| Total Land Area | 95.86 AC |
| Year Built | 1972 |
About the Property
Position your business for success at this fully renovated retail property located just off I-40 in one of Memphis’ most active commercial corridors. Updated in 2021, the building offers a modernized, move-in-ready space ideal for retail, service, or office users seeking strong visibility and easy customer access. Situated on the corner of a signalized intersection, the property benefits from high daily traffic counts and excellent street presence along Summer Avenue. Customers and employees alike will appreciate the convenient access and proximity to major national retailers including Lowe’s, Chick-fil-A, Planet Fitness, AutoZone, McDonald’s, and U-Haul—all within one mile. This high-visibility location combined with strong surrounding retail synergy makes 5240 Summer Ave an outstanding opportunity for businesses looking to expand or establish a presence in the Memphis market. Move-in ready and available now—contact Zakaria today to learn more about lease terms or to schedule a tour.
- Pylon Sign
- Restaurant
- Signage
Demographics
Demographics
Nearby Major Retailers
Contact the Leasing Agent
Perimeter Shopping Center | 5200-5280 Summer Ave