Retail Space in Covington
For Lease
Contact for pricing
3842-3850 Austin Peay Hwy, Memphis, TN
Neighborhood shopping center near Walmart, Kroger, and Methodist North Hospital.
Property Size2,072 SF
Lot Size11.81 Acres
Days on Market624
Property Features for 3842-3850 Austin Peay Hwy
General Information
Standard status
Active
Size
2,072 SF
Lot size
11.81 Acres
Property subtype
RETAIL
Listing Agency:
Jones Aur Commercial Real Estate | Memphis
(901) 581-5049
Listed By:
Dustin Jones · License #332179
(901) 581-5049
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Jul 10
Last Checked: Jul 21 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jones Aur Commercial Real Estate | Memphis
Investment Insights
Based on property information with market context.
Multiple suites are available for rent in Covington Springs, a neighborhood shopping center located off Austin Peay Highway. The center is a shadow center to Walmart and Kroger. It benefits from close proximity to new developments on Austin Peay Highway, including a newly constructed Chick-Fil-A, Starbucks, and Bojangles. The property is less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library. Adjacent to Methodist North Hospital, a 246-bed facility, the center experiences significant traffic. Current tenants include Dollar Tree, Goodwill, CATO, American Deli, and Fresenius Kidney Care. Traffic counts on Austin Peay Highway are 23,170 AADT. Available spaces range up to 2072 square feet.
Key Highlights
- Shadow center to Walmart and Kroger providing significant customer traffic.
- High traffic location on Austin Peay Highway (23,170 AADT).
- Adjacent to Methodist North Hospital, a major medical facility.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 26%
Groceries 21%
Home Improvements & Furnishings 4%
Aldi
Groceries
17,560 visits/mo
0.2 miles
Marathon
Shops & Services
14,693 visits/mo
0.3 miles
Little Caesars Pizza
Dining
9,312 visits/mo
0.5 miles
KFC
Dining
9,144 visits/mo
0.4 miles
Valero Energy
Shops & Services
7,135 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Neighborhood shopping center near Walmart, Kroger, and Methodist North Hospital.
Where is this strip mall located?
The property is located at 3842-3850 Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Shadow center to Walmart and Kroger providing significant customer traffic.; High traffic location on Austin Peay Highway (23,170 AADT).; Adjacent to Methodist North Hospital, a major medical facility.
