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Highland Strip Retail Opportunity
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521 S Highland St, Memphis, TN 38111

Retail and restaurant spaces near the University of Memphis.

Space Size1,200 SF - 2,309 SF
Property Size17,940 SF
Days on Market1241

Property Features for 521 S Highland St

General Information

Standard status Active
Size 1,200 SF - 2,309 SF
Property subtype Retail

Building Details

Building Size 17,940 SF
Tenancy Multiple

Spaces For Lease

at 521 S Highland St Contact us

Suite 521 - 102

Size
1,200 SF
Type
Retail
Availability
Active
Contact us

Suite 521 - 103

Size
2,309 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Jones Aur
Listed By: Grady Cotham · License #TN
Source: Crexi
Added: Apr 11, 2023 Changed: Aug 26 Last Checked: Aug 31 at 8:51AM

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

Investment Insights

Based on property information with market context.

This property presents an opportunity for retail or restaurant businesses. It is located on Highland Street, a short walk from the University of Memphis, within the Highland Strip entertainment area.

Key Highlights

  • Ideal restaurant and retail opportunity
  • Situated on the Highland Strip entertainment area
  • Short walk from the University of Memphis

Property Analytics

Current Use

Garrick Green: Allstate ... Insurance Agency Subarashi INC Cafe & Coffee Shop SUBARASHI Cafe & Coffee Shop Ubee's Restaurant Allstate Insurance Agent: ... Insurance Agency

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply Garden Center Plumbing Service Real Estate Agency (Bike/Boat/Book/etc) Store

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

654
Businesses Nearby
77k
Monthly Visits Nearby

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

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$13.72 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
10,771 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and restaurant spaces near the University of Memphis.
Where is this retail space located?
The property is located at 521 S Highland St Memphis, TN.
What are key features of this property?
This property features: Ideal restaurant and retail opportunity; Situated on the Highland Strip entertainment area; Short walk from the University of Memphis
More about this property
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