901-546-4747
5240 Summer Ave, Memphis, TN for Rent

$16.00 USD /SF/yr

Retail - For Rent
1/10
9,877 SF | 1 Space

5240 Summer Ave
Memphis, TN 38122
Bartlett


HIGHLIGHTS

  • Fully renovated in 2021, 5240 Summer Avenue features 9,877 SF of modern, move-in-ready space suitable for retail, service, or office users.
  • Positioned just off Interstate 40, the property is located within one of Memphis’ most active commercial corridors, offering excellent visibility.
  • High visibility is enhanced by both pylon and building signage, helping businesses capture traffic along the heavily traveled Summer Avenue corridor.
  • Easily accessible via multiple ingress and egress points, the site is adjacent to the Interstate 40 Exit 12A on and off ramp at Summer Avenue.
  • Boasting a strong street presence, 5240 Summer Avenue benefits from high average daily traffic counts exceeding 25,957 vehicles.
  • Within a 5-mile radius, the area supports over 194,419 residents with an average household income of $90,213 and strong buying power.

OVERVIEW

Positioned just off Interstate 40 within one of Memphis’ most active commercial corridors, 5240 Summer Avenue offers 9,877 square feet of space that was fully renovated in 2021, with a modern, move-in-ready setting ideal for retail, service, or office users seeking strong visibility and easy customer access. Visibility is further enhanced by pylon and building signage. Easily accessible via multiple ingress and egress points off Frontage Road, 5240 Summer Avenue is situated between Frontage Road and the Interstate 40 Exit 12A on and off ramp at the signalized intersection of Summer Avenue. The property benefits from high daily traffic counts of 25,957 vehicles and strong street presence along Summer Avenue. Public transportation is also available through the Memphis Area Transit Authority (MATA), with Bus 53 stopping directly adjacent to the property at the Summer Avenue and Interstate 40 signalized intersection. Customers and employees alike will appreciate the convenient access and proximity to national retailers, including Lowe’s, Chick-fil-A, Planet Fitness, AutoZone, McDonald’s, and U-Haul, all within a mile of the property. More than 194,419 residents with an average household income of $90,213 support the 5-mile trade area surrounding 5240 Summer Avenue. This robust demographic base contributes to a strong labor pool, thriving consumer market, and total consumer spending exceeding $2.2 billion. With its strategic location, strong traffic counts, and proximity to retail amenities, 5240 Summer Avenue is an ideal location for businesses seeking exposure, accessibility, and long-term growth within the Memphis market.

RENTAL DETAILS

SPACE AVAILABLE

9,877 SF

# OF SPACES

1

RENT/MONTH

$13,169 USD /mo

RENT RATE (MO)

$1.33 USD /SF/mo

RENT RATE (YR)

$16.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

2-10 Years

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

9,877 SF

YEAR BUILT

1991

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CH

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901-546-4747

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901-546-4747

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