Restaurant/Retail Space Near
For Lease
Contact for pricing
521 S Highland St, Memphis, TN
Restaurant and retail opportunity near the University of Memphis.
Space Size1,200 SF - 2,309 SF
Lot Size0.21 Acres
Days on Market690
Property Features for 521 S Highland St
General Information
Standard status
Active
Size
1,200 SF - 2,309 SF
Lot size
0.21 Acres
Property subtype
RETAIL
Spaces For Lease
at 521 S Highland St Contact usHighland Row AVAILABLE, Now
Floor
1
Size
1,200 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Ideal restaurant and retail opportunity uniquely situated a short walk from the University of Memphis on Highland as part of the Highland Strip entertainment area
- Nearby University of Memphis boasts 21,000+ students
- Area new development to exceed $200M including 5 capital projects by the University
- Street parking along with abundant surface parking in the rear
- Traffic Counts: Highland St (19,005 AADT), Central Avenue (19,885 AADT), and Poplar Avenue (16,261 AADT)
Contact us Highland Row AVAILABLE, Now
Floor
1
Size
2,309 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Ideal restaurant and retail opportunity uniquely situated a short walk from the University of Memphis on Highland as part of the Highland Strip entertainment area
- Nearby University of Memphis boasts 21,000+ students
- Area new development to exceed $200M including 5 capital projects by the University
- Street parking along with abundant surface parking in the rear
- Traffic Counts: Highland St (19,005 AADT), Central Avenue (19,885 AADT), and Poplar Avenue (16,261 AADT)
Contact us
Listing Agency:
Jones Aur Commercial Real Estate | Memphis
(901) 538-6363
Listed By:
Grady Cotham
(901) 871-3940
Source:
Moodyscre
Added: Nov 14, 2024
Changed: Sep 5
Last Checked: Oct 4 at 12:33PM
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
Investment Insights
Based on property information with market context.
This property presents an ideal restaurant and retail opportunity, uniquely situated a short walk from the University of Memphis on Highland, as part of the Highland Strip entertainment area. The nearby University of Memphis boasts a student population exceeding 21,000. The surrounding area is experiencing new development expected to exceed $200 million, including 5 capital projects by the University. The location benefits from street parking, along with abundant surface parking available in the rear. Traffic counts indicate significant vehicular presence, with Highland Street recording 19,005 AADT, Central Avenue at 19,885 AADT, and Poplar Avenue registering 16,261 AADT. The property offers 2,309 square feet of space suitable for restaurant or retail use.
Key Highlights
- Prime location within the Highland Strip entertainment area, near the University of Memphis.
- High traffic counts on Highland St (19,005 AADT), Central Avenue (19,885 AADT).
- Proximity to the University of Memphis with 21,000+ students.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
McDonald's
Dining
25,690 visits/mo
0.3 miles
Circle K
Shops & Services
15,880 visits/mo
0.2 miles
Chase Bank
Shops & Services
7,715 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,727 visits/mo
0.4 miles
Moe's Southwest Grill
Dining
6,091 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Anointed Hands Soulfood Kitchen — 863 Semmes St, Memphis, TN 38111
- Grandma's Desserts Etc — 3108 Park Ave, Memphis, TN 38111
- Edesia Food Truck & Catering — 460 S Highland St, Memphis, TN 38111
- Tacos Mondragon — Summer Ave, Memphis, TN 38122
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant and retail opportunity near the University of Memphis.
Where is this restaurant located?
The property is located at 521 S Highland St Memphis, TN.
What are key features of this property?
This property features: Prime location within the Highland Strip entertainment area, near the University of Memphis.; High traffic counts on Highland St (19,005 AADT), Central Avenue (19,885 AADT).; Proximity to the University of Memphis with 21,000+ students.
