East Memphis Shopping Center
For Lease
Contact for pricing
5124 Summer Ave, Memphis, TN 38122
Retail suites available in East Memphis shopping center.
Property Size41,534 SF
Days on Market148
Property Features for 5124 Summer Ave
General Information
Standard status
Active
Size
41,534 SF
Property subtype
Shopping Center or Multi-Tenant Building
Listing Agency:
The Shopping Center Group | Memphis
(901) 334-5702
Listed By:
Shawn Massey, CCIM, CRRP, ALC · License #372782
Source:
Tscg
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 31 at 5:29AM
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 The Shopping Center Group | Memphis
Investment Insights
Based on property information with market context.
This 130,000 square foot shopping center is located at the northwest intersection of I-40 and Summer Avenue, directly adjacent to the I-40 and I-240 interchange. It offers a big box opportunity in the East Memphis trade area. Available suites range in size, with options of 41,534 square feet and 2,708 square feet. The center features strong co-tenancy, including Northern Tool, City Thrift, and Dollar Tree. Area retailers include TJ Maxx, Kroger, Aldi, Chick-fil-A, Starbucks, Chipotle, Five Below, and Lowe's. The property is located on the corner of N White Station, which has an average daily vehicle count of 37,154, and Summer Avenue, which has an average daily vehicle count of 21,832.
Key Highlights
- Excellent Location: Northwest intersection of I‑40 & Summer Ave, adjacent to I‑40 and I‑240.
- Rare Big Box Opportunity: A sizable 41,534 SF suite in East Memphis.
- Strong Co‑Tenancy: Anchored by Northern Tool, City Thrift, and Dollar Tree.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 15%
Electronics 4%
SONIC Drive In
Dining
13,706 visits/mo
0.0 miles
Kung Fu Tea
Dining
4,995 visits/mo
0.4 miles
Exxon
Shops & Services
3,735 visits/mo
0.4 miles
Jeremiah's Italian Ice
Dining
2,597 visits/mo
0.2 miles
Pizza Hut
Dining
1,611 visits/mo
0.4 miles
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
Market
Lease Benchmarks for Memphis, TN
$12.5 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
69,941 SF
Avg Space Size
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Similar Off Market Nearby
- Cloverleaf Shopping Center — Memphis, TN 38122
- Summer Commons — 5124 Summer Ave, Memphis, TN 38122
- Watts Overstock Outlet — memphis, tn 38122
- Scholastic Wharehouse Book Sale — 5230 Summer Ave, Memphis, TN 38122
- Bell Plaza Shopping Center — Memphis, TN 38122
Frequently Asked Questions
What type of property is this?
Shopping center - Retail suites available in East Memphis shopping center.
Where is this shopping center located?
The property is located at 5124 Summer Ave Memphis, TN.
What are key features of this property?
This property features: Excellent Location: Northwest intersection of I‑40 & Summer Ave, adjacent to I‑40 and I‑240.; Rare Big Box Opportunity: A sizable 41,534 SF suite in East Memphis.; Strong Co‑Tenancy: Anchored by Northern Tool, City Thrift, and Dollar Tree.
