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Freestanding Memphis TN - former Dollar Gen. 5226 Highway 61 4,500 - 9,016 SF of Retail Space Available in Memphis, TN 38109
Highlights
- 2014-Built 9,016 SF Freestanding Retail Opportunity
- Join this modern freestanding retail property with a special Introductory Rate for an As-Is Lease today!
- Located in southwest Memphis TN directly on US 61
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 4,500-9,016 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
Ground
former freestanding Dollar General
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
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 | 9,016 SF | Gross Leasable Area | 9,016 SF |
| Min. Divisible | 4,500 SF | Year Built | 2014 |
| Property Type | Retail | Parking Ratio | 3.33/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 9,016 SF |
| Min. Divisible | 4,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,016 SF |
| Year Built | 2014 |
| Parking Ratio | 3.33/1,000 SF |
About the Property
Located at 5226 S Third Street/US-61 in Memphis, this Freestanding Retail building offers over 9,000 square feet of single-tenant space. Formerly occupied by Dollar General, the property features 30 parking spaces on site and excellent visibility along Highway 61, a major north–south road seeing up to 28,000 vehicles per day. Positioned just five miles from a major retail development featuring Walmart, Kroger, and Aldi, this property benefits from consistent and strong daily traffic and an established consumer base. This freestanding site is adaptive, flexible, and a great choice for businesses seeking retail space in South Memphis. Memphis is the second most populated city in Tennessee and continues to see steady population growth within a five-mile radius of the property. Just six miles from Graceland, one of the city’s most visited tourist destinations attracting over 600,000 annual visitors, this building benefits from both local and visitor-driven traffic. Memphis also serves as a crucial industrial and logistics hub for the Southeastern United States, supported by the Mississippi River, five major freight railroads, and direct access to Interstates 40 and 55. Businesses looking for retail property in Memphis, Tennessee will gain exposure, regional commerce, and one of the country’s most connected markets with this Freestanding Retail building. Commercial space in this Freestanding Retail building is generally suitable for anything from traditional retail storefronts and restaurants to offices to medical or other professional service providers. Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!
- Pylon Sign
- Signage
- Wheelchair Accessible
