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Trolley Station Shopping Center 2685 S Perkins Rd 1,300 - 3,900 SF of Retail Space Available in Memphis, TN 38118

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SUBLEASE HIGHLIGHTS

  • Home to major tenants like Family Dollar and ST Giab Inc., driving consistent foot traffic.
  • Located on South Perkins Road, a busy commercial corridor with strong local and regional access.
  • Surrounded by complementary businesses and dense residential neighborhoods, ensuring steady customer traffic.
  • A strong blend of retail, services, and office users, including T-Mobile, H&R Block, salons, and specialty shops.
  • On-site parking with easy access from major roads.

SPACE AVAILABILITY (2)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • RENT TYPE
  • 1st Floor, Ste 2695
  • 1,300 SF
  • Negotiable
  • $20.94 CAD/SF/YR $1.74 CAD/SF/MO $27,220 CAD/YR $2,268 CAD/MO
  • Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now
  • Sublease space available from current tenant
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Drop Ceilings
  • Professional Lease
  • 1st Floor, Ste 4696
  • 2,600 SF
  • Negotiable
  • $20.94 CAD/SF/YR $1.74 CAD/SF/MO $54,441 CAD/YR $4,537 CAD/MO
  • Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Salon Spaces with Salon Suites fully built out

  • Sublease space available from current tenant
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Drop Ceilings
Space Size Term Rental Rate Rent Type
1st Floor, Ste 2695 1,300 SF Negotiable $20.94 CAD/SF/YR $1.74 CAD/SF/MO $27,220 CAD/YR $2,268 CAD/MO Triple Net (NNN)
1st Floor, Ste 4696 2,600 SF Negotiable $20.94 CAD/SF/YR $1.74 CAD/SF/MO $54,441 CAD/YR $4,537 CAD/MO Triple Net (NNN)

1st Floor, Ste 2695

Size
1,300 SF
Term
Negotiable
Rental Rate
$20.94 CAD/SF/YR $1.74 CAD/SF/MO $27,220 CAD/YR $2,268 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

  • Sublease space available from current tenant
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Drop Ceilings
  • Professional Lease

1st Floor, Ste 4696

Size
2,600 SF
Term
Negotiable
Rental Rate
$20.94 CAD/SF/YR $1.74 CAD/SF/MO $54,441 CAD/YR $4,537 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Salon Spaces with Salon Suites fully built out

  • Sublease space available from current tenant
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Drop Ceilings

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 3,900 SF
Property Type Retail
Property Subtype Freestanding
Gross Leasable Area 89,762 SF
Total Land Area 14.58 AC
Year Built 1993
Parking Ratio 4.46/1,000 SF

ABOUT THE PROPERTY

Located in Shelby County, Trolley Station is a 167,243 sf neighborhood retail center. Anchored by Family Dollar, Trolley Station is on the intersection of Perkins Road and American Way. Other tenants include H&R Block, Randstad, and a Mexican restaurant.

  • Bus Line
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

IHOP
Lenny’s Grill & Subs
Truist
Bestway Rental Inc
Planet Fitness
First Horizon Bank
  • Listing ID: 4440056

  • Date on Market: 2025-09-16

  • Last Updated:

  • Address: 2685 S Perkins Rd, Memphis, TN 38118

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