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2669 Lamar Ave 1,800 SF of Retail Space Available in Memphis, TN 38114
HIGHLIGHTS
- Join co-tenants such as Little Caesars and Subway
- Dedicated parking area
- Great visibility on high-traffic Lamar Ave
- Traffic count: 24,889 vehicles/day
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,800 SF | Negotiable | $18.33 CAD/SF/YR $1.53 CAD/SF/MO $32,986 CAD/YR $2,749 CAD/MO | TBD |
2669 Lamar Ave - 1st Floor
Prime Commercial opportunity on busy Lamar Ave for a new or existing business. The well-maintained building features two ADA Compliant bathrooms along with ample parking. This ensures convenience for both employees and customers. With immediate occupancy available, this property is a strategic choice for businesses looking to strengthen their business presence in Memphis. • +/- 5 minutes from I-240. • Traffic Count: 35,000 VPD • Highly trafficked Lamar Ave offers great Retail or Office Opportunity. • Two ADA compliant bathrooms. • Next door to Little Caesars. • Pole Signage.
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 2669 LAMAR AVE, MEMPHIS, TN 38114
- Legendary Kutz
- Little Caesars
- Subway
PROPERTY FACTS
| Total Space Available | 1,800 SF | Frontage | 146’ on Lamar Ave |
| Center Type | Strip Center | Gross Leasable Area | 5,600 SF |
| Parking | 23 Spaces | Total Land Area | 0.82 AC |
| Center Properties | 1 | Year Built | 2009 |
| Total Space Available | 1,800 SF |
| Center Type | Strip Center |
| Parking | 23 Spaces |
| Center Properties | 1 |
| Frontage | 146’ on Lamar Ave |
| Gross Leasable Area | 5,600 SF |
| Total Land Area | 0.82 AC |
| Year Built | 2009 |
ABOUT THE PROPERTY
Located with 146 feet of frontage on Lamar Ave., this prime location for retail has high traffic counts allowing for great exposure for potential tenants.
- Pylon Sign
NEARBY MAJOR RETAILERS
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2669 Lamar Ave
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