Spaces For Lease

at 5230 Summer Ave Contact us

5230 Summer Ave

Type

LAND

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

-Join At Home, Floor and Decor, and Royal Furniture at Perimeter Center -Located... at the I-240 and I-40 interchange facing Summer Avenue -Ample parking with more than 500 spaces -Area Retailers Include: TJ Maxx, Kroger, ALDI, Chick-fil-A, Starbucks, Chipotle, Dollar General, Subway, McDonald's, Walgreens, Taco Bell, AutoZone, Family Dollar, Pizza Hut, O'Reilly Auto Parts, Wendy's, Ross, Five Below, Papa John's, Big Lots, and many more Traffic Counts: Summer Avenue (21,290 AADT), I-240 (183,276 AADT), and I-40 (138,370)

show more

Contact us

Listing Agency: Jones Aur Commercial Real Estate | Memphis g***@jonesaur.com Show Phone

Listed By: Jonathan Aur Show Phone

Source: Moodyscre

Added: Mar 26, 2025 Changed: Aug 8 Last Checked: Aug 11 at 7:42AM

Report an Issue

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.

Shopping center available for lease at Perimeter Center, joining established retailers including At Home, Floor and Decor, and Royal Furniture. The site is positioned for visibility and convenience at a major interchange, with parking exceeding 500 spaces.

The property faces Summer Avenue and sits at the I-240 and I-40 interchange. Documented traffic counts include 21,290 AADT on Summer Avenue, 183,276 AADT on I-240, and 138,370 AADT on I-40, supporting retail draw from both local and through traffic.

Perimeter Center also features a wide tenant mix and national brands across retail, dining, and services, including TJ Maxx, Kroger, ALDI, Chick-fil-A, Starbucks, Chipotle, Walgreens, Taco Bell, AutoZone, Family Dollar, Ross, Five Below, Papa John’s, Big Lots, and many more.

Key Highlights

• More than 500 parking spaces at Perimeter Center
• Faces Summer Avenue at the I‑240 and I‑40 interchange
• Traffic counts: Summer Avenue 21,290 AADT

Property Analytics

Property Profile

Current Use

Scholastic Wharehouse Book ... Shopping Center & Mall

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Pharmacy 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

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

508

Businesses Nearby

28k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 81% Shops & Services 15% Electronics 4%

SONIC Drive In Dining

13,706 visits/mo 0.0 miles

Kung Fu Tea Dining

4,995 visits/mo 0.4 miles

Exxon Shops & Services

3,735 visits/mo 0.4 miles

Jeremiah's Italian Ice Dining

2,597 visits/mo 0.2 miles

Pizza Hut Dining

1,611 visits/mo 0.4 miles

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

Market

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Ask Rey about this property ...

Similar For Rent Nearby

Medical Office Property at Intersection

8071 Winchester Rd, Memphis, TN 38125

$4,810/Mo

4,810 sqft

View details

Distribution Office Showroom Flex Space

1650 N Shelby Oaks Dr, Memphis, TN 38134

$9,375/Mo

9,375 sqft

View details

Hospital-Adjacent Medical Office Building

3950 New Covington Pike, Memphis, TN 38128

$750/Mo

12,800 sqft

View details

Office Space for Lease

5796 Shelby Oaks, Memphis, TN 38134

$12 SF/Yr

6,245 sqft

View details

Medical Office Space with Skybridge

1211 Union Ave, Memphis, TN 38104

$2,179/Mo

2,179 sqft

View details

Medical Office Building Suites

1264 Wesley Dr, Memphis, TN 38116

$1,347/Mo

1,574 sqft

View details

Prime Frontage Retail Space

2235 Whitten Road, Memphis, TN 38133

$20 SF/Yr

1,300 sqft

View details

Office Condo Suites C8 and C9

109 N Main St, Memphis, TN 38103

$17 SF/Yr

7,774 sqft

View details

Office Space with Contractor-Friendly Site

1706 Bartlett Rd, Memphis, TN 38134

$2,460/Mo

2,460 sqft

View details

Industrial Park Warehouse Space

7850 Stage Hills Blvd, Memphis, TN 38133

$2,850/Mo

2,850 sqft

View details

Medical Office Space with Rear Ramp

1107 E RAINES Rd, Memphis, TN 38116

$1,400/Mo

View details

Downtown Memphis Office Space Available

200 Jefferson Avenue, Memphis, TN 38103

$23 SF/Yr

4,062 sqft

View details

Similar Off Market Nearby

• Cloverleaf Shopping Center — Memphis, TN 38122
• Summer Commons — 5124 Summer Ave, Memphis, TN 38122
• Watts Overstock Outlet — memphis, tn 38122
• Scholastic Wharehouse Book Sale — 5230 Summer Ave, Memphis, TN 38122
• Bell Plaza Shopping Center — Memphis, TN 38122

Frequently Asked Questions

What type of property is this?

Shopping center - Shopping center located at the I-240 and I-40 interchange facing Summer Avenue.

Where is this shopping center located?

The property is located at 5230 Summer Ave Memphis, TN.

What are key features of this property?

This property features: More than 500 parking spaces at Perimeter Center; Faces Summer Avenue at the I‑240 and I‑40 interchange; Traffic counts: Summer Avenue 21,290 AADT