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Park Crossing 4978-4986 Park Ave 1,311 SF of Retail Space Available in Memphis, TN 38117
Highlights
- Hard Corner Location
- Across from the East Gate Shopping Center
- Nearby Retailer’s include - Home Depot, Burlington, Marshalls
- Fronts Park Ave and Mt Moriah/Mendenhall Rd
- One Block from Poplar Ave Corridor
- Located at the corner of Park Avenue and Mendenhall Road in the desirable East Memphis submarket.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,311 SF | Negotiable | $25.71 CAD/SF/YR $2.14 CAD/SF/MO $33,701 CAD/YR $2,808 CAD/MO | Triple Net (NNN) |
4978-4986 Park Ave - 1st Floor
Introducing the Park Crossing Shopping Center, a prime second generation restaurant leasing opportunity strategically located at 4978 Park Ave in the heart of Memphis, Tennessee. This versatile property encompasses a total of 1,311 square feet, ideal for businesses seeking a prominent presence in a bustling commercial area. The center's advantageous location benefits from high traffic visibility and accessibility, making it an attractive option for any tenant looking to thrive in a competitive market. Situated within a vibrant community, Park Crossing Shopping Center offers a unique blend of advantages that enhance its appeal for potential businesses. The surrounding area features a diverse array of retail shops, dining establishments, and essential services, contributing to a dynamic environment that fosters foot traffic and attracts a wide customer base. The strategic positioning of the property ensures that tenants can capitalize on the growing economic activity in Memphis, which is known for its strong workforce and expanding market. As a leasing opportunity, Park Crossing Shopping Center represents an excellent investment potential, given the desirability of its location and the competitive leasing market in the area. With no current financial metrics available, potential renters are encouraged to explore the benefits of leasing this prominent space, which is well-suited for restaurant use and could serve as an ideal location for various business types. Don't miss out on the chance to secure a place in this thriving commercial hub.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- 2nd Generation Restaurant Space
- High Traffic Area
- Very Desirable Location
- Intersection of Park Ave and Mendenhall Rd
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 Park Crossing
- Tenant
- Description
- US Locations
- Reach
- H&R Block
- Acctg/Tax Prep
- 6,361
- International
| Tenant | Description | US Locations | Reach |
| H&R Block | Acctg/Tax Prep | 6,361 | International |
Property Facts
| Total Space Available | 1,311 SF | Gross Leasable Area | 6,555 SF |
| Center Type | Strip Center | Total Land Area | 0.57 AC |
| Parking | 54 Spaces | Year Built | 1991 |
| Center Properties | 1 | Cross Streets | Mendenhall Rd |
| Frontage |
| Total Space Available | 1,311 SF |
| Center Type | Strip Center |
| Parking | 54 Spaces |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 6,555 SF |
| Total Land Area | 0.57 AC |
| Year Built | 1991 |
| Cross Streets | Mendenhall Rd |
About the Property
Park Crossing Shopping Center is located in the desirable east Memphis area along the Park Ave corridor situated at the had corner of Park Ave and Mt. Moriah/Mendenhall Rd. Across from the newly renovated power center - East Gate shopping Center housing many mid box National Retailers. Park Crossing is one block from the busy Poplar Avenue corridor.
- Banking
- Restaurant
- Signage
Nearby Major Retailers
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Park Crossing | 4978-4986 Park Ave
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