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Raleigh Springs Market Place 3425-3473 Austin Peay Hwy 1,700 - 10,759 SF of Space Available in Memphis, TN 38128
HIGHLIGHTS
- Prime Location: Our shopping center is close to Raleigh Springs Town Center Redevelopment offering excellent visibility and easy accessibility.
- Parking: We offer parking space for both customers and tenants, ensuring convenience and ease of access.
- Diverse Tenant Mix: The shopping center is home to a diverse range of established and successful businesses, creating a vibrant & dynamic environment
- Professional Property Management: Our dedicated property management team is experienced in maintaining and enhancing the shopping center's operations.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 3421-2 | 1,859 SF | - | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $36,330 CAD/YR $3,028 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 3447 | 1,700 SF | - | Negotiable | $17.45 CAD/SF/YR $1.45 CAD/SF/MO $29,663 CAD/YR $2,472 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 3487 | 7,200 SF | 12’ | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $140,709 CAD/YR $11,726 CAD/MO | Triple Net (NNN) |
3421-3489 Austin Peay Hwy - 1st Floor - Ste 3421-2
Located in the Raleigh Springs Market Place .
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
3421-3489 Austin Peay Hwy - 1st Floor - Ste 3447
Located in the Raleigh Springs Market Place.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Mostly Open Floor Plan Layout
3421-3489 Austin Peay Hwy - 1st Floor - Ste 3487
Located in the Raleigh Springs Market Place .
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 12’
- Walking to Memphis Public Libraries
- Right across Raleigh Springs Civic Center
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 RALEIGH SPRINGS MARKET PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Acceptance Insurance
- Insurance
- 404
- National
- Christ Community Health Services, Inc
- Other Office
- 3
- Regional
- H&R Block
- Acctg/Tax Prep
- 13,520
- International
- Hibbett Sports
- Sporting Goods
- 1,340
- National
- Save-A-Lot
- -
- -
- -
- Subway
- Sub Sandwich
- 28,950
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Acceptance Insurance | Insurance | 404 | National |
| Christ Community Health Services, Inc | Other Office | 3 | Regional |
| H&R Block | Acctg/Tax Prep | 13,520 | International |
| Hibbett Sports | Sporting Goods | 1,340 | National |
| Save-A-Lot | - | - | - |
| Subway | Sub Sandwich | 28,950 | International |
PROPERTY FACTS
| Total Space Available | 10,759 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 113,978 SF |
| Parking | 250 Spaces | Total Land Area | 10.49 AC |
| Stores | 32 | Year Built | 1983 |
| Center Properties | 1 |
| Total Space Available | 10,759 SF |
| Center Type | Neighborhood Center |
| Parking | 250 Spaces |
| Stores | 32 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 113,978 SF |
| Total Land Area | 10.49 AC |
| Year Built | 1983 |
ABOUT THE PROPERTY
- Busy shopping center with direct access to Austin Peay Highway (38,788 VPD) - Close proximity to the $40 million Raleigh Springs Town Center Redevelopment which features a police station, library, skate park, and lake with walking trails
- Pylon Sign
NEARBY MAJOR RETAILERS
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Raleigh Springs Market Place | 3425-3473 Austin Peay Hwy
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