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IHOP 1277 E Shelby Dr 4,022 SF of Retail Space Available in Memphis, TN 38116
HIGHLIGHTS
- 18.2MM Cell Phone Impressions at E Shelby Dr & Elvis Presley Blvd over past 12 months per Placer.Ai.
- Located on major thoroughfare nearby high-traffic Memphis International Airport.
- Starbucks, AutoZone Mega Hub, and Guthrie's being developed on neighboring parcels.
- 1.02 AC Pad Site neighboring #1 Popeye's, Church's Chicken, and Jiffy Lube in TN per Placer.Ai.
- Nearby Kroger delivered 1,200,000 cell phone impressions over past 12 months with 209,000 unique visitors.
- Ground Lease and Build-to-Suit Available.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,022 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
This 4,022 SF space is built out with full restaurant infrastructure located on a 1.02 AC pad site along a main thoroughfare leading to Memphis International Airport. Perfect parcel size for converting to QSR with drive thru.
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 4,022 SF | Total Land Area | 1.02 AC |
| Property Type | Retail | Year Built | 2002 |
| Property Subtype | Restaurant | Parking Ratio | 24.86/1,000 SF |
| Gross Leasable Area | 4,022 SF |
| Total Space Available | 4,022 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,022 SF |
| Total Land Area | 1.02 AC |
| Year Built | 2002 |
| Parking Ratio | 24.86/1,000 SF |
ABOUT THE PROPERTY
SVN | True Real Estate Partners is pleased to present this proposal to lease this 1.02 acre parcel on two main thoroughfares in close proximity to Memphis International Airport. The Subject Property is 4,022 SF with full restaurant capabilities adjacent to a Starbucks, AutoZone MegaHub, and Guthrie's Chicken currently under construction. Placer.Ai ranks the neighboring Popeye's, Jiffy Lube, and Church's Chicken as the highest trafficked in the state of Tennessee and some of the highest in the country. The Kroger, McDonalds, and Wendy's are also among the highest ranked in the State. Over 450,000 population in a 10-mile radius and 58,637 combined ADT on surrounding E. Shelby Dr and Elvis Presley Blvd. Ground Lease / BTS available. Tennessee BoR: Brian Brockman 343847
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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IHOP | 1277 E Shelby Dr
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