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Covington crossing 4970 Raleigh Lagrange Rd 16,000 SF of Retail Space Available in Memphis, TN 38128
Highlights
- Parking
- Open Plan
- Heavy Daytime Traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 12 | 16,000 SF | Negotiable | $6.81 CAD/SF/YR $0.57 CAD/SF/MO $108,904 CAD/YR $9,075 CAD/MO | Triple Net (NNN) |
4970 Raleigh Lagrange Rd - 1st Floor - Ste 12
Spacious 16,000 sq. ft. Hall for Lease – Ideal for Events or Storage Discover this versatile 16,000 sq. ft. property, perfectly suited for a variety of uses. Whether you’re planning a grand wedding, corporate event, or seeking secure storage space, this hall offers the flexibility to meet your needs.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Spacious
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 | 16,000 SF | Frontage | 322’ on Raleigh Lagrange Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 31,050 SF |
| Parking | 193 Spaces | Total Land Area | 3.53 AC |
| Stores | 1 | Year Built | 1988 |
| Center Properties | 1 |
| Total Space Available | 16,000 SF |
| Center Type | Neighborhood Center |
| Parking | 193 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 322’ on Raleigh Lagrange Rd |
| Gross Leasable Area | 31,050 SF |
| Total Land Area | 3.53 AC |
| Year Built | 1988 |
About the Property
Available for the right operator a stunning 16,000 Sq. ft. Turn Key Event Hall. This Versatile and Spacious venue was once a Bally's Fitness, Transformed into an exquisite wedding hall. With its flexible layout it can be an event hall or changed back to a Fitness Center, The swimming pool, Sauna and Steam room are still in the building.
- Pylon Sign
Nearby Major Retailers
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Covington crossing | 4970 Raleigh Lagrange Rd
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