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Retail Space with Versatile Floor Plan
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3502 Summer Ave, Memphis, TN 38122

Well-designed retail space with a versatile layout, modern amenities, and ample parking for customer and staff convenience.

Space Size14,490 SF
Days on Market663

Property Features for 3502 Summer Ave

General Information

Standard status Active
Size 14,490 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 3502 Summer Ave Contact us

3502 Summer Ave $145/SF/Yr

Floor
Bldg
Size
14,490 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
-This property offers prime commercial space ideal for a range of businesses. With...
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Listing Agency: SVN | Second Story RE Management
Listed By: Kelly Fitzgerald · License ##385215
Source: Moodyscre
Added: Nov 29, 2024 Changed: Sep 5 Last Checked: Sep 22 at 9:26PM

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 SVN | Second Story RE Management

Investment Insights

Based on property information with market context.

Retail space at 3502 Summer Ave, Memphis, TN 38122, offering 14,490 square feet of well-designed commercial space with a versatile floor plan suited for a range of businesses. The layout is described as adaptable, supporting different day-to-day operating needs while maintaining functional flow for customers and staff.

The property is presented as having prominent location characteristics that support visibility and accessibility. Ample parking is also highlighted as a convenience feature for clients and employees, helping support smooth arrivals and departures.

In addition to the flexible layout, the property lists modern amenities as part of the overall tenant experience. This combination of size, adaptable configuration, and on-site convenience is intended to support businesses looking to establish or expand in a visible retail setting.

Key Highlights

  • 14,490 SF retail space at 3502 Summer Ave, Memphis, TN 38122
  • Versatile, adaptable floor plan for a range of business needs
  • Prominent location designed for visibility and accessibility

Property Analytics

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Open Analytics

Current Use

Amani P. Johnsonsinghbarnett, ... Physician Highland Square Shopping Center & Mall Western Union Bank COVID-19 Drive-Thru Testing ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Dental Office Spa & Massage Center Skin Care Clinic

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
$21.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby
30k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 30% Electronics 3%
MAPCO Mart Shops & Services
7,016 visits/mo 0.5 miles
Valero Energy Shops & Services
6,492 visits/mo 0.1 miles
Church's Chicken Dining
4,332 visits/mo 0.5 miles
Dollar General Shops & Services
3,601 visits/mo 0.4 miles
O'Reilly Auto Parts Shops & Services
3,282 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Memphis, TN

$14.34 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
8,752 SF
Avg Space Size

This space is priced 911% above the average of $14.34 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - Well-designed retail space with a versatile layout, modern amenities, and ample parking for customer and staff convenience.
Where is this retail space located?
The property is located at 3502 Summer Ave Memphis, TN.
What is the lease rate?
The lease rate is $145 SF/Yr.
What are key features of this property?
This property features: 14,490 SF retail space at 3502 Summer Ave, Memphis, TN 38122; Versatile, adaptable floor plan for a range of business needs; Prominent location designed for visibility and accessibility
(615) 714-6378 Call to check price and availability
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