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785 Union Ave 6,122 SF of Retail Space Available in Memphis, TN 38103
Sublease Highlights
- 48,200 SF Highly Visible Neighborhood Center on Stage Road in Bartlett, Tennessee
- Surrounded by new development, including the future Regional One Health Campus development
- Close proximity to anchor medical institutions including the University of Tennessee Health Science Center
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 785-1 | 6,122 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 785-1
Situated in the heart of Memphis’s revitalizing Medical District, 785 Union Avenue occupies a strategic location surrounded by billions of dollars in institutional and private investment. The adjacent ALDI serves as a major traffic driver for the corridor, drawing shoppers from Downtown, Midtown, the Edge District, and nearby residential neighborhoods. With world-renowned medical institutions, new mixed-use developments, improving infrastructure, and increasing residential density, the property is positioned within one of the city’s most dynamic growth zones. Its central location provides direct access to key districts, strong daytime population, and sustained demand generated by healthcare, education, and research activity.
- Sublease space available from current tenant
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap 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.
Select Tenants at 785 Union Ave, Memphis, TN 38103
- Tenant
- Description
- US Locations
- Reach
- ALDI
- Discount Grocer
- 3,051
- International
| Tenant | Description | US Locations | Reach |
| ALDI | Discount Grocer | 3,051 | International |
Property Facts
| Total Space Available | 6,122 SF | Gross Leasable Area | 27,336 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Freestanding | Parking Ratio | 7.19/1,000 SF |
| Total Space Available | 6,122 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 27,336 SF |
| Year Built | 1999 |
| Parking Ratio | 7.19/1,000 SF |
About the Property
The property is located at 785 Union Avenue in Memphis’s Medical District, positioned directly adjacent to a newly developed ALDI grocery store. The site benefits from strong visibility and accessibility along Union Avenue and sits within one of Memphis’s most active, rapidly evolving districts. With immediate proximity to major hospitals, research institutions, and new residential developments, the property is well-suited for tenants seeking exposure within a high-traffic, amenity-rich urban environment. As one of the closest full-service grocery destinations to Downtown Memphis, the surrounding area sees consistent daily activity from residents, healthcare employees, students, and visitors.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Contacts
-
Trezevant Commercial Brokerage, Inc. Laura Trezevant -
Carson
Kane
- Trezevant Commercial Brokerage, Inc.
