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Retail Space on American Way
For Lease
$2,750/Mo

4945 American Way, Memphis, TN 38118

Retail space available for lease on American Way.

Space Size2,325 SF
Days on Market108

Property Features for 4945 American Way

General Information

Standard status Active
Size 2,325 SF
Property subtype Retail

Building Details

Building Size 2,325 SF
Year Built 1991

Spaces For Lease

at 4945 American Way Contact us

Space Available

Size
2,325 SF
Type
Retail
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Myers Commercial Real Estate
Listed By: Raushanah Morgan · License #380232
Source: Commercialcafe
Added: May 15 Changed: Aug 27 Last Checked: Aug 29 at 6:29AM

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 Myers Commercial Real Estate

Investment Insights

Based on property information with market context.

Located on American Way, this retail space is available for rent. The property is suitable for commercial real estate purposes.

Key Highlights

  • Retail space available for lease.
  • Located on American Way.
  • Year Built: 1991

Property Analytics

Current Use

STEAM Training Institute Charitable Organization Signs Now Memphis (Bike/Boat/Book/etc) Store ProGeny Place Charitable Organization John's Creek Plaza ... Shopping Center & Mall Nappi By Nature ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Building Supply Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

550
Businesses Nearby
89k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Groceries 30% Shops & Services 23% Hotels & Casinos 5%
Aldi Groceries
21,034 visits/mo 0.5 miles
Family Dollar Shops & Services
10,154 visits/mo 0.5 miles
Sunoco Shops & Services
8,807 visits/mo 0.4 miles
IHOP Dining
8,706 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
8,611 visits/mo 0.4 miles

Demographics for 38118, TN

39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$14.87 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
10,425 SF
Avg Space Size

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available for lease on American Way.
Where is this retail space located?
The property is located at 4945 American Way Memphis, TN.
What is the lease rate?
The lease rate is $2,750/Mo.
What are key features of this property?
This property features: Retail space available for lease.; Located on American Way.; Year Built: 1991
More about this property
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