Freestanding Retail Building with
For Lease
Contact for pricing
3489 Ramill Road, Memphis, TN 38128
Single-tenant retail building with an existing drive-thru lane, surface parking, and signalized corner access.
Space Size13,370 SF
Lot Size1.30 Acres
Days on Market113
Property Features for 3489 Ramill Road
General Information
Standard status
Active
Size
13,370 SF
Net Rentable
13,370 SF
Total Parking Spaces
60
Lot size
1.30 Acres
Property subtype
Retail, Office
Lease Type
NNN
Space & Availability
Available Space
13,370 SF
Contiguous Space
13,370 SF
Space Use
Retail
Available From
Immediate
Lease Terms
Lease Rate
$9 /USD/SF/YR
Monthly Rent
$10,027
Rent per SF/Year
$9
CAM
$2.50 /USD/SF/YR
Flexible Term
Yes
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Amenities
hard stoplight corner
existing drive-thru lane
pylon signage
prominent building signage opportunity
Building Details
Building Size
13,370 SF
Year Built
1994
Tenancy
Single
Construction
masonry
Parking Ratio
4.49 per 1,000 SF
Spaces For Lease
at 3489 Ramill Road Contact us- Size
- 13,370 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
#1
Listing Agency:
Keller Williams Memphis
(901) 261-7900
Listed By:
Adam Watson · License #307518
Source:
Crexi
Added: May 11
Changed: Aug 31
Last Checked: Aug 31 at 12:33AM
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 Keller Williams Memphis
Investment Insights
Based on property information with market context.
The property is a 13,370 SF freestanding retail building on a 1.3-acre site at 3489 Ramill Road in Memphis. Formerly occupied by Walgreens, the single-tenant building was constructed in 1994 with masonry construction and a fully sprinklered interior. An existing drive-thru lane, pylon signage, building signage opportunities, and 60 surface parking spaces support a range of retail and service-oriented configurations.
The building occupies the signalized intersection of Ramill Road and Yale Road, with 317 feet of frontage on Ramill Road and 224 feet on Yale Road. Multiple access points connect the site to the surrounding Raleigh trade area, which includes dense residential development and neighborhood retail. Austin Peay Highway, James Road, US-51 / Thomas Street, I-40, and I-240 are identified as connecting routes.
The existing footprint and drive-thru infrastructure are identified as suitable for pharmacy, medical, grocery, specialty retail, daycare, auto parts, fitness, professional office, general retail, and other repurpose concepts. The property is available immediately for a negotiable lease term.
The building occupies the signalized intersection of Ramill Road and Yale Road, with 317 feet of frontage on Ramill Road and 224 feet on Yale Road. Multiple access points connect the site to the surrounding Raleigh trade area, which includes dense residential development and neighborhood retail. Austin Peay Highway, James Road, US-51 / Thomas Street, I-40, and I-240 are identified as connecting routes.
The existing footprint and drive-thru infrastructure are identified as suitable for pharmacy, medical, grocery, specialty retail, daycare, auto parts, fitness, professional office, general retail, and other repurpose concepts. The property is available immediately for a negotiable lease term.
Key Highlights
- 13,370 SF freestanding retail building on a 1.3‑acre lot
- Signalized corner at Ramill Road and Yale Road in Memphis
- 60 surface parking spaces, equal to 4.49 / 1,000 SF
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 33%
Electronics 8%
SONIC Drive In
Dining
11,272 visits/mo
0.1 miles
Dollar General
Shops & Services
8,613 visits/mo
0.0 miles
BP
Shops & Services
6,283 visits/mo
0.1 miles
AutoZone
Shops & Services
5,030 visits/mo
0.1 miles
Boost Mobile
Electronics
1,927 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
Lease Benchmarks for Memphis, TN
$13.72 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
10,771 SF
Avg Space Size
This space is priced 34% below the average of $13.72 /SF/Yr.
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail building with an existing drive-thru lane, surface parking, and signalized corner access.
Where is this retail space located?
The property is located at 3489 Ramill Road Memphis, TN.
What are key features of this property?
This property features: 13,370 SF freestanding retail building on a 1.3‑acre lot; Signalized corner at Ramill Road and Yale Road in Memphis; 60 surface parking spaces, equal to 4.49 / 1,000 SF
