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1993-1995 Union Ave 2,653 SF of Retail Space Available in Memphis, TN 38104
HIGHLIGHTS
- Fronts Union Avenue with heavy traffic.
- National Co-Tenants Smoothie King & Game Exchange
- End-Cap Space
- New Building and Space improvements
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,653 SF | 3-10 Years | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $51,847 CAD/YR $4,321 CAD/MO | Triple Net (NNN) |
1993-1997 Union Ave - 1st Floor
PRIME MIDTOWN END CAP SPACE FRONTING UNION AVE AND THE BUSY UNION AVE CHIC-FIL-A! NEW RENOVATIONS! NEW HVAC! NEW EXTERIOR AND INTERIOR IMPROVMENTS! BELOW MARKET RENT! 2,653 SF END CAP SPACE | OPEN FLOOR PLAN! PERFECT FOR RETAIL, LIGHT OFFICE OR PICK UP AND DROP OFF BUSINESS! Contact HCI Realty Agents John or Josh @ 662-265-3633 *Rental Rates and Operating Cost shown are for an AS IS or Minimal Improvements. Rates and Opex/NNN are subject to change.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Anchor Space
- Central Air Conditioning
- Private Restrooms
- Corner Space
- Drop Ceilings
- MIDTOWN END CAP FRONTING UNION AVE 29,000 VPD
- NEW RENOVATIONS AND IMPROVMENTS!
- NATIONAL CO-TENANTS
- ATTRACTIVE RENTAL TERMS
- IN FRONT OF UNION AVE CHIC-FIL-A
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.
SELECT TENANTS AT 1993-1995 UNION AVE, MEMPHIS, TN 38104
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Game Exchange
- Game Store
- 128
- National
- Smoothie King
- Drinks/Juices
- 1,468
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Game Exchange | Game Store | 128 | National |
| Smoothie King | Drinks/Juices | 1,468 | International |
PROPERTY FACTS
| Total Space Available | 2,653 SF | Frontage | |
| Center Type | Strip Center | Gross Leasable Area | 7,726 SF |
| Parking | 20 Spaces | Total Land Area | 0.48 AC |
| Stores | 1 | Year Built | 1985 |
| Center Properties | 1 |
| Total Space Available | 2,653 SF |
| Center Type | Strip Center |
| Parking | 20 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 7,726 SF |
| Total Land Area | 0.48 AC |
| Year Built | 1985 |
ABOUT THE PROPERTY
1993 Union Avenue offers an opportunity to lease an end cap space fronting the desirable HIGH TRAFFIC Union Ave corridor in the heart of Midtown Memphis, Tennessee. Co-tenants include smoothie king and game exchange. NEW IMPROVEMENTS! BELOW MARKET STARTING RENT! ACROSS FROM CHICK-FIL-A! HIGH TRAFFIC AND HIGH POPULATION DEMOGRAPHICS! Contact John Schaffler for more info (901) 299-9231
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
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1993-1995 Union Ave
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