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2245 Lamar Ave 9,014 SF of Retail Space Available in Memphis, TN 38114
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,014 SF | 10 Years | $11.17 CAD/SF/YR $0.93 CAD/SF/MO $100,677 CAD/YR $8,390 CAD/MO | Double Net |
1st Floor
Retail For Lease | Former Dollar General / Family Dollar | ±9,000 SF 2245 Lamar Ave | Memphis, TN Lease Rate: (Approx. $8.00 PSF) Property Overview Freestanding ±9,000 SF retail building available for lease in a high-traffic Memphis retail corridor. This second-generation dollar store box offers a highly functional layout with open retail floor plan, rear storage, and dedicated delivery access, making it ideal for retail, discount, service, or community-oriented users. The property sits on approximately 0.92 acres and includes ample on-site parking, strong signage visibility, and easy customer access from Lamar Avenue. Location & Traffic Exposure Located along Lamar Avenue, one of Memphis’ primary commercial corridors, the site benefits from strong daily traffic counts and dense surrounding population. • Lamar Ave: ±28,619 Vehicles Per Day • Nearby Airways Blvd: ±25,000+ Vehicles Per Day • Dense urban trade area with residential + workforce demand • Downtown / Midtown Memphis submarket access Surrounding Retail & Demand Drivers The immediate trade area includes strong national retail and QSR co-tenancy, supporting consistent consumer traffic. Nearby retailers include: McDonald’s Walgreens Burger King Popeyes KFC Cricket Wireless The location serves the Orange Mound community and surrounding urban neighborhoods, creating strong demand for convenience retail, services, and value-focused concepts. Building Features • ±10,100 SF Freestanding Retail Building • Built 2011 – Modern Construction • Former Dollar General / Family Dollar Layout • Open Sales Floor Configuration • Rear Storage + Delivery Access • Large Lot (±0.92 Acres) • Ample Parking Field • High Visibility Signage Opportunity Ideal Tenant Uses This property is well suited for: • Discount / Value Retail • Grocery / Specialty Food • Convenience or Dollar Concepts • Medical / Urgent Care • Fitness / Wellness • Education / Training • Community Services • Showroom or Service Retail Market Positioning Former dollar store locations historically perform well for value, convenience, and necessity-based retail. These buildings are designed for high-volume customer flow, efficient stocking, and easy conversion to similar retail or service uses. The surrounding trade area supports strong daily consumer activity driven by residential density, commuter traffic, and workforce population. Lease Opportunity Ownership is seeking qualified tenants for immediate occupancy. The property offers strong value positioning for tenants looking to enter a high-traffic retail corridor at a competitive lease rate. NN or NNN lease structures considered.
- Lease rate does not include certain property expenses
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.
Property Facts
| Total Space Available | 9,014 SF | Gross Leasable Area | 9,014 SF |
| Property Type | Retail | Year Built | 2011 |
| Property Subtype | Freestanding |
| Total Space Available | 9,014 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,014 SF |
| Year Built | 2011 |
Features and Amenities
- Bus Line
- Signage
Nearby Major Retailers
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2245 Lamar Ave
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