Listing Agency: Metropolis Real Estate Service t***@gmail.com Show Phone

Listed By: Todd Harris Show Phone

Source: Exprealty

Added: Jul 15, 2024 Changed: Jul 6 Last Checked: Jul 31 at 3:01PM

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Investment Insights

Based on property information with market context.

This salon suite is suitable for a single operator, such as a barber, nail technician, massage therapist, or brow specialist. A minimum lease term of 3 years is required.

Key Highlights

• Perfect for single operator (barber, nail, massage, brow, etc.)
• Salon Suite
• 3 Year Lease Minimum

Property Analytics

Property Profile

Current Use

Key2MyCloset Clothing & Fashion Store The KeyTooBeautyLLC Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Restaurant

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

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

10k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 72% Electronics 28%

Sunoco Shops & Services

3,967 visits/mo 0.2 miles

Citgo Shops & Services

3,064 visits/mo 0.2 miles

Metro by T-Mobile Electronics

2,701 visits/mo 0.2 miles

Demographics for 38116, TN

39,107

Population

18,526

Households

2.1

Avg Household Size

35

Median Age

21%

College-Educated

88%

High-School Grad

19.6 sq mi

ZIP Area

1,995

Density / Sq Mi

$44,663

Median Household Income

$31,593

Median Earnings

$1,035

Median Rent

$125,800

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$18 /SF/Yr

Avg Asking Price

$6–$36 /SF/Yr

Price Range

34,318 SF

Avg Space Size

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Salon suite suitable for barber, nail, massage, or brow services.

Where is this retail space located?

The property is located at 5226 Martin Edwards Pl Memphis, TN.

What is the lease rate?

The lease rate is $725 /Mo.

What are key features of this property?

This property features: Perfect for single operator (barber, nail, massage, brow, etc.); Salon Suite; 3 Year Lease Minimum