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    5280 Summer Ave Memphis, TN 38122

    For Lease
    Contact for pricing

    Retail opportunity at I-240 and I-40 interchange facing Summer Avenue.

    Property size:
    140,000 SF
    Lot size:
    30.82 Acres

    Property Features for 5280 Summer Ave

    General Information

    Size
    140,000 SF
    Lot size
    30.82 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Jonathan Aur

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Perimeter Center

    Located within Perimeter Center at the interchange of I-240 and I-40, this retail space faces Summer Avenue. The location benefits from high traffic counts, with Summer Avenue seeing 21,290 AADT, I-240 recording 183,276 AADT, and I-40 registering 138,370 AADT. The property provides ample parking with over 500 spaces. Area retailers include TJ Maxx, Kroger, ALDI, Chick-fil-A, Starbucks, Chipotle, Dollar General, Subway, McDonald's, Walgreens, Taco Bell, AutoZone, Family Dollar, Pizza Hut, O'Reilly Auto Parts, Wendy's, Ross, Five Below, Papa John's, and Big Lots. The property is part of a center with At Home, Floor and Decor, and Royal Furniture.
    Location Intelligence

    Current Use by Public Records

    Island Paradise Takeout Jamaican Restaurant At Home Home Goods Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    High Point Plaza, Summer Place Center, French Village Square, Highland Square

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8850667
    Latitude
    35.1575043

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    FAQs

    What type of property is this?
    Shopping center - Retail opportunity at I-240 and I-40 interchange facing Summer Avenue.
    Where is this shopping center located?
    The property is located at 5280 Summer Ave Memphis, TN.
    What are key features of this property?
    This property features: - Located at the I-240 and I-40 interchange facing Summer Avenue, providing high visibility and accessibility.; - High traffic counts: I-240 (183,276 AADT), I-40 (138,370 AADT), and Summer Avenue (21,290 AADT).; - Ample parking with more than 500 spaces.
    (901) 212-0457
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    Memphis, TN 38122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5280 Summer Ave Memphis, TN 38122
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