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2714 Southern Ave 5,000 SF of Retail Space Available in Memphis, TN 38111
Highlights
- Average daily traffic count: Over 11,000 vehicles per day (2023), offering excellent visibility for your business.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Negotiable | $11.56 CAD/SF/YR $0.96 CAD/SF/MO $57,795 CAD/YR $4,816 CAD/MO | TBD |
1st Floor
Rent & Terms: $3,500/month for qualified tenants (flexible terms for those with less-than-perfect credit). Security deposit and personal guarantee required. Tenant covers utilities. Seeking a long-term lease.
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 | 5,000 SF | Gross Leasable Area | 5,000 SF |
| Property Type | Retail | Year Built | 1977 |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 5,000 SF |
| Year Built | 1977 |
About the Property
Property Details: 5,000 sq. ft. building featuring a paint booth, office, and reception space. 15,000 sq. ft. fenced-in area with 6,000 sq. ft. of parking inside and an additional 1,200 sq. ft. outside the fence. 18,000 sq. ft. vacant lot available across the side street, ideal for expansion or extra parking. Perfect for auto mechanics, collision repair, or general car maintenance businesses.
- Corner Lot
- Fenced Lot
- Signage
Nearby Major Retailers
Presented by
Red Door Memphis, LLC
2714 Southern Ave
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