Retail Space in Covington
3842-3850 Austin Peay Hwy, Memphis, TN
For Lease
Contact for pricing
Neighborhood shopping center near Walmart, Kroger, and Methodist North Hospital.
Space Size1,960 SF - 3,070 SF
Lot Size11.81 Acres
Days on Market723
Property Features for 3842-3850 Austin Peay Hwy
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Spaces For Lease
at 3842-3850 Austin Peay Hwy Contact us3850 Austin Peay Hwy AVAILABLE, Now
Floor
1
Size
3,070 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Multiple Suites Available in Covington Springs, a Neighborhood Shopping Center off of Austin Peay Highway
- Shadow Center to Walmart and Kroger
- Close proximity to new developments on Austin Peay Highway including newly constructed Chick-Fil-A, Starbucks, and Bojangles
- Less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library
- Adjacent to Methodist North Hospital, a 246 bed facility, voted one of the best hospitals in the Memphis Metro Area
- Tenants Include: Dollar Tree, Goodwill, CATO, American Deli, Fresenius Kidney Care, and many more
- Traffic Counts: Austin Peay Highway (23,170 AADT)
Contact us Covington Springs AVAILABLE, Now
Floor
1
Size
1,960 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Multiple Suites Available in Covington Springs, a Neighborhood Shopping Center off of Austin Peay Highway
- Shadow Center to Walmart and Kroger
- Close proximity to new developments on Austin Peay Highway including newly constructed Chick-Fil-A, Starbucks, and Bojangles
- Less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library
- Adjacent to Methodist North Hospital, a 246 bed facility, voted one of the best hospitals in the Memphis Metro Area
- Tenants Include: Dollar Tree, Goodwill, CATO, American Deli, Fresenius Kidney Care, and many more
- Traffic Counts: Austin Peay Highway (23,170 AADT)
Contact us Covington Springs AVAILABLE, Now
Floor
1
Size
2,072 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Multiple Suites Available in Covington Springs, a Neighborhood Shopping Center off of Austin Peay Highway
- Shadow Center to Walmart and Kroger
- Close proximity to new developments on Austin Peay Highway including newly constructed Chick-Fil-A, Starbucks, and Bojangles
- Less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library
- Adjacent to Methodist North Hospital, a 246 bed facility, voted one of the best hospitals in the Memphis Metro Area
- Tenants Include: Dollar Tree, Goodwill, CATO, American Deli, Fresenius Kidney Care, and many more
- Traffic Counts: Austin Peay Highway (23,170 AADT)
Contact us
Listing Agency:
Jones Aur Commercial Real Estate | Memphis
(901) 538-6363
Listed By:
Dustin Jones · License ##332179
(901) 581-5049
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Oct 25
Last Checked: Nov 6 at 12:18PM
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 Jones Aur Commercial Real Estate | Memphis
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Multiple suites are available for rent in Covington Springs, a neighborhood shopping center located off Austin Peay Highway. The center is a shadow center to Walmart and Kroger. It benefits from close proximity to new developments on Austin Peay Highway, including a newly constructed Chick-Fil-A, Starbucks, and Bojangles. The property is less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library. Adjacent to Methodist North Hospital, a 246-bed facility, the center experiences significant traffic. Current tenants include Dollar Tree, Goodwill, CATO, American Deli, and Fresenius Kidney Care. Traffic counts on Austin Peay Highway are 23,170 AADT. Available spaces range up to 2072 square feet.
Key Highlights
- Shadow center to Walmart and Kroger providing significant customer traffic.
- High traffic location on Austin Peay Highway (23,170 AADT).
- Adjacent to Methodist North Hospital, a major medical facility.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
230k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Shops & Services 25%
Dining 16%
Groceries 15%
Walmart
Superstores
87,439 visits/mo
0.3 miles
Kroger
Groceries
33,786 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,014 visits/mo
0.1 miles
Burger King
Dining
16,487 visits/mo
0.3 miles
Wendy's
Dining
14,935 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Strip malls in Memphis
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
What type of property is this?
Strip mall - Neighborhood shopping center near Walmart, Kroger, and Methodist North Hospital.
Where is this strip mall located?
The property is located at 3842-3850 Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Shadow center to Walmart and Kroger providing significant customer traffic.; High traffic location on Austin Peay Highway (23,170 AADT).; Adjacent to Methodist North Hospital, a major medical facility.
