Strip Center on Busiest
For Sale
Contact for pricing
Pending
4899 Summer Avenue, Memphis, TN 38122
Fully occupied retail strip center with signalized access and rear storage on a 1.2-acre site.
Property Size7,524 SF
Lot Size1.20 Acres
Days on Market112
Property Features for 4899 Summer Avenue
General Information
Standard status
Pending
Size
7,524 SF
Lot size
1.20 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Amenities
additional storage
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Memphis, Tennessee
(901) 312-4916
Listed By:
Ed Thomas · License #310126
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 30 at 11:49AM
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 Colliers - Memphis, Tennessee
Investment Insights
Based on property information with market context.
This fully occupied retail strip center totals approximately 7,524 square feet and is presented as 100% leased. The property includes nationally recognized tenants such as AT&T and Jackson Hewitt. The site also provides additional storage in the rear.
Located at the southwest corner of Summer Avenue and Mendenhall, the center benefits from signalized ingress and egress. Summer Avenue is described as carrying approximately 30,000 VPD, and Sam Cooper Boulevard is described as carrying approximately 64,000 VPD, running directly behind the property. The remarks also note the site is less than one mile from the I-40/I-240 interchange.
The offering is positioned for buyers seeking a retail asset with established tenancy and convenient access features along heavily traveled corridors.
Located at the southwest corner of Summer Avenue and Mendenhall, the center benefits from signalized ingress and egress. Summer Avenue is described as carrying approximately 30,000 VPD, and Sam Cooper Boulevard is described as carrying approximately 64,000 VPD, running directly behind the property. The remarks also note the site is less than one mile from the I-40/I-240 interchange.
The offering is positioned for buyers seeking a retail asset with established tenancy and convenient access features along heavily traveled corridors.
Key Highlights
- 100% occupied +/- 7,524 SF retail strip center on a 1.2‑acre site
- Southwest corner of Summer Avenue and Mendenhall with signalized ingress/egress
- High traffic counts: Summer Avenue +/- 30K VPD and Sam Cooper Boulevard +/- 64K VPD behind the property
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
28k
Monthly Visits Nearby
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
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 - Fully occupied retail strip center with signalized access and rear storage on a 1.2-acre site.
Where is this strip mall located?
The property is located at 4899 Summer Avenue Memphis, TN.
What are key features of this property?
This property features: 100% occupied +/- 7,524 SF retail strip center on a 1.2‑acre site; Southwest corner of Summer Avenue and Mendenhall with signalized ingress/egress; High traffic counts: Summer Avenue +/- 30K VPD and Sam Cooper Boulevard +/- 64K VPD behind the property
