Retail Space with Restaurant
For Lease
Contact for pricing
2235 Covington Pike, Memphis, TN 38128
Retail space with high traffic and former restaurant setups.
Space Size1,640 SF
Property Size25,637 SF
Days on Market656
Property Features for 2235 Covington Pike
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
25,637 SF
Year Built
1987
Tenancy
Multiple
Spaces For Lease
at 2235 Covington Pike Contact us- Size
- 1,640 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Suite 9
Listing Agency:
Myers Commercial Real Estate
Listed By:
Melanie Myers Bland · License #TN 288335
Source:
Crexi
Added: Oct 25, 2024
Changed: Aug 8
Last Checked: Aug 9 at 3:47PM
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 Myers Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail space, suitable for various commercial real estate purposes including restaurants, features former restaurant setups with existing gas lines and a grease trap. The property is located in a busy center with 11 co-tenants. It benefits from high traffic counts, with 42,256 vehicles per day on Covington Pike and 29,644 vehicles per day on nearby Raleigh Lagrange. The space is slated for renovation.
Key Highlights
- Former restaurant setups available with gas lines and grease trap
- High traffic counts of 42,256 vehicles/day on Covington Pike
- High traffic counts of 29,644 vehicles/day on nearby Raleigh Lagrange
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.98 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 33%
Home Improvements & Furnishings 22%
Shops & Services 21%
Dining 19%
The Home Depot
Home Improvements & Furnishings
33,732 visits/mo
0.3 miles
Marshalls
Apparel
33,197 visits/mo
0.2 miles
Burlington
Apparel
21,086 visits/mo
0.3 miles
Circle K
Shops & Services
16,340 visits/mo
0.3 miles
Taco Bell
Dining
15,382 visits/mo
0.1 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high traffic and former restaurant setups.
Where is this retail space located?
The property is located at 2235 Covington Pike Memphis, TN.
What is the lease rate?
The lease rate is $13.17 SF/Yr.
What are key features of this property?
This property features: Former restaurant setups available with gas lines and grease trap; High traffic counts of 42,256 vehicles/day on Covington Pike; High traffic counts of 29,644 vehicles/day on nearby Raleigh Lagrange
