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SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 114 | 1,600 SF | Nov 2027 | $34.55 CAD/SF/YR $2.88 CAD/SF/MO $55,278 CAD/YR $4,607 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 114
CRYE-LEIKE COMMERCIAL is pleased to present a retail SUBLEASE oppportunity at Poplar and Massey in East Memphis. This 1,600-square-foot retail space is conveniently located in East Memphis at the high-traffic intersection of Poplar Avenue and Massey Road. Situated in a vibrant commercial corridor, the space benefits from exceptional visibility and high daily traffic counts, making it an ideal location for retail, boutique, or service-oriented businesses. The property is adjacent to International Paper’s global headquarters, providing a steady stream of professionals and potential customers. Featuring large display windows, ample parking, and easy access to major thoroughfares, this space offers both convenience and strong foot traffic. Surrounded by established retailers, dining options, and office developments, the location provides a dynamic business environment in one of Memphis’s most sought-after commercial districts. Currently occupied by Sorelle Boutique the space can be easily configured to suit multiple uses. Sublease term expires in November of 2027. Call today to schedule a tour. 901.758.5670 901.262.2055
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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 PARAGON PLACE SUITE 114
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Club Pilates
- Fitness
- 1,653
- International
- Elite Nail Spa
- Salon/Barber/Spa
- 1
- Local
- Humdingers
- Restaurant
- 1
- Local
- Las Tortugas
- Restaurant
- 2
- Local
- Paragon Bank
- Finance Company
- 19
- National
- The Pet Hospitals
- Animal Care/Groom
- 441
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Club Pilates | Fitness | 1,653 | International |
| Elite Nail Spa | Salon/Barber/Spa | 1 | Local |
| Humdingers | Restaurant | 1 | Local |
| Las Tortugas | Restaurant | 2 | Local |
| Paragon Bank | Finance Company | 19 | National |
| The Pet Hospitals | Animal Care/Groom | 441 | National |
PROPERTY FACTS
| Total Space Available | 1,600 SF | Total Land Area | 3.23 AC |
| Property Type | Retail | Year Built | 2004 |
| Property Subtype | Storefront | Parking Ratio | 7.94/1,000 SF |
| Gross Leasable Area | 27,200 SF | Cross Streets | Massey Rd |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 27,200 SF |
| Total Land Area | 3.23 AC |
| Year Built | 2004 |
| Parking Ratio | 7.94/1,000 SF |
| Cross Streets | Massey Rd |
ABOUT THE PROPERTY
CRYE-LEIKE COMMERCIAL is pleased to present a retail SUBLEASE oppportunity at Poplar and Massey in East Memphis. This 1,600-square-foot retail space is conveniently located in East Memphis at the high-traffic intersection of Poplar Avenue and Massey Road. Situated in a vibrant commercial corridor, the space benefits from exceptional visibility and high daily traffic counts, making it an ideal location for retail, boutique, or service-oriented businesses. The property is adjacent to International Paper’s global headquarters, providing a steady stream of professionals and potential customers. Featuring large display windows, ample parking, and easy access to major thoroughfares, this space offers both convenience and strong foot traffic. Surrounded by established retailers, dining options, and office developments, the location provides a dynamic business environment in one of Memphis’s most sought-after commercial districts. Currently occupied by Sorelle Boutique the space can be easily configured to suit multiple uses. Sublease term expires in November of 2027. Call today to schedule a tour. 901.758.5670 901.262.2055
- Banking
- Bus Line
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Paragon Place Suite 114 | 6300 Poplar Ave
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