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Prime Commercial Property on Knight Arnold
For Lease
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5376 Knight Arnold Rd, Memphis, TN 38115

Commercial property suitable for retail, office, or medical use.

Space SizeContact for details
Property Size11,832 SF
Lot Size1.83 Acres
Days on Market847

Property Features for 5376 Knight Arnold Rd

General Information

Standard status Active
Size 11,832 SF
Class B
Total Parking Spaces 60
Lot size 1.83 Acres
Property subtype Retail, Office

Building Details

Building Size 11,832 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 5376 Knight Arnold Rd Contact us

Available Space 1

Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Gorjian Acquistions
Listed By: Jordan Gorjian · License #US
Source: Crexi
Added: May 6, 2024 Changed: Aug 28 Last Checked: Aug 28 at 4:39PM

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 Gorjian Acquistions

Investment Insights

Based on property information with market context.

Colony Square is a commercial property located at 5376 Knight Arnold Rd in Memphis, TN. The 1.83-acre site is suitable for retail, office, or medical use. Available spaces range from 1,080 to 2,160 square feet. The property benefits from its location at the intersection of Mendenhall and Knight Arnold, with a daily traffic count of 14,445 vehicles. The surrounding area includes businesses such as Taco Bell and Planet Fitness. The property is zoned R-6 and has utilities readily available, making it a potentially lucrative investment.

Key Highlights

  • Prime commercial location at 5376 Knight Arnold Rd, Memphis, TN.
  • High visibility on Knight Arnold Road with a daily traffic count of 14,445 vehicles.
  • Suitable for retail, office, or medical use.

Property Analytics

Current Use

Wing Street Restaurant King Of Spuds Restaurant Pizza Hut Restaurant

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Building Supply Parking Lot & Garage Skin Care Clinic

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

348
Businesses Nearby

Demographics for 38115, TN

40,076
Population
19,179
Households
2.1
Avg Household Size
30
Median Age
14%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
4,660
Density / Sq Mi
$42,931
Median Household Income
$32,997
Median Earnings
$1,129
Median Rent
$129,700
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$14.87 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
10,425 SF
Avg Space Size

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial property suitable for retail, office, or medical use.
Where is this retail space located?
The property is located at 5376 Knight Arnold Rd Memphis, TN.
What are key features of this property?
This property features: Prime commercial location at 5376 Knight Arnold Rd, Memphis, TN.; High visibility on Knight Arnold Road with a daily traffic count of 14,445 vehicles.; Suitable for retail, office, or medical use.
(516) 858-0238 Call to check price and availability
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