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4899 Summer Ave 1,408 SF of Retail Space Available in Memphis, TN 38122
HIGHLIGHTS
- Heavy Traffic
- Hard corner of Summer Avenue and Mendenhall Rd
- Front's Summer Avenue
- Located next to new developments of Starbucks and Chipotle
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 1,408 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
4899 Summer Ave - 1st Floor - Ste 101
-1,408 SqFt ENDCAP AVAILABLE FRONTING SUMMER AVE AND MENDENHALL RD INTERSECTION! OUTSTANDING LOCATION! - IMPROVED OFFICE or RETAIL OPEN FLOORPLAN SPACE! -FRONTS SUMMER AVE -HARD CORNER LOCATION. -Located next to new developments such as Chipotle and Starbucks.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Financial Services Office
- Highly Desirable End Cap Space
- Corner Space
- End Cap Space Fronting Summer and Mendenhall
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 4899 SUMMER AVE, MEMPHIS, TN 38122
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Jackson Hewitt
- Acctg/Tax Prep
- 7,700
- National
- Window World
- Window Coverings
- 372
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Jackson Hewitt | Acctg/Tax Prep | 7,700 | National |
| Window World | Window Coverings | 372 | National |
PROPERTY FACTS
| Total Space Available | 1,408 SF | Frontage | 138’ on Summer Ave |
| Center Type | Strip Center | Gross Leasable Area | 7,479 SF |
| Parking | 35 Spaces | Total Land Area | 1.21 AC |
| Stores | 1 | Year Built | 1969 |
| Center Properties | 1 | Cross Streets | Mendenhall Rd. |
| Total Space Available | 1,408 SF |
| Center Type | Strip Center |
| Parking | 35 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 138’ on Summer Ave |
| Gross Leasable Area | 7,479 SF |
| Total Land Area | 1.21 AC |
| Year Built | 1969 |
| Cross Streets | Mendenhall Rd. |
ABOUT THE PROPERTY
Rare End Cap availability at the Summer Avenue and Mendenhall Road shopping center. Located at the hard corner of Summer Avenue and Mendenhall Road at Sam Cooper Blvd. Conveniently located near the new developments of Aldi, Starbucks, Chipotle and Planet Fitness. This property features great traffic from all three major roads. The space is improved and move-in ready. AADT for Summer avenue is 25,772. IDEAL TENANT IS OFFICE SERVICES TENANT! OR NATIONAL BRANDED RETAIL TENANT!
- Bus Line
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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4899 Summer Ave
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