Shopping Center with Ample
For Lease
Contact for pricing
5230 Summer Ave, Memphis, TN 38122
Shopping center located at the I-240 and I-40 interchange facing Summer Avenue.
Space SizeContact for details
Lot Size0.50 Acres
Days on Market559
Property Features for 5230 Summer Ave
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
LAND
Site & Location
Highway Access
Yes
Road Access
Yes
Spaces For Lease
at 5230 Summer Ave
5230 Summer Ave
AVAILABLE, Now
Type
LAND
Rate
Contact for pricing
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)
Contact us
Listing Agency:
Jones Aur Commercial Real Estate | Memphis
(901) 538-6363
Listed By:
Jonathan Aur
(901) 212-0457
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Sep 8
Last Checked: Oct 5 at 4:51PM
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.
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
148k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Home Improvements & Furnishings 29%
Dining 12%
Groceries 7%
At Home
Home Improvements & Furnishings
21,974 visits/mo
0.2 miles
Bargain Hunt
Shops & Services
18,570 visits/mo
0.3 miles
McDonald's
Dining
16,734 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,371 visits/mo
0.4 miles
Exxon
Shops & Services
13,447 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Memphis, TN
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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
