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Medical Office Sublease Suite
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5107 Summer Ave, Memphis, TN 38122

Built-out medical office space with ample surface parking available on a sublease through September 30, 2030.

Space Size2,187 SF
Days on Market210

Property Features for 5107 Summer Ave

General Information

Standard status Active
Size 2,187 SF
Property subtype OFFICE
Lease Type NNN

Additional Details

Highway Access Yes

Spaces For Lease

at 5107 Summer Ave Contact us

5107 Summer Ave $15/SF/Yr

Floor
Bldg
Size
2,187 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
Yes
- 2,187 SF Available in East Memphis - Sublease through September 30, 2030 - Rental...
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Listing Agency: CBRE | Memphis
Listed By: Don Drinkard, Jr.
Source: Moodyscre
Added: Feb 12 Changed: Aug 14 Last Checked: Sep 10 at 11:29AM

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 CBRE | Memphis

Investment Insights

Based on property information with market context.

This 2,187-square-foot office suite is currently built out for medical usage and available for rent. The space is offered as a sublease through September 30, 2030.

The property is located in East Memphis near White Station and I-40, providing convenient access to major routes. Ample surface parking is available for visitors and staff.

The suite is priced at $15/SF NNN, offering a turn-key medical configuration within a dedicated office setting.

Key Highlights

  • 2,187 SF medical office space available in East Memphis
  • Sublease term runs through September 30, 2030
  • Rental rate of $15/SF NNN

Property Analytics

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Open Analytics

Current Use

VIPcare Memphis - Summer ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby
Balanced
Demand for This Use

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
View Realmo Analytics

Market

Lease Benchmarks for Memphis, TN

$16.16 /SF/Yr
Avg Asking Price
$10.27–$25 /SF/Yr
Price Range
8,569 SF
Avg Space Size

This space is priced 7% below the average of $16.16 /SF/Yr.

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Built-out medical office space with ample surface parking available on a sublease through September 30, 2030.
Where is this medical office space located?
The property is located at 5107 Summer Ave Memphis, TN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 2,187 SF medical office space available in East Memphis; Sublease term runs through September 30, 2030; Rental rate of $15/SF NNN
(901) 496-9879 Call to check price and availability
More about this property
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