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2537 Broad Ave
1,960 - 7,260 SF of Space Available in Memphis, TN 38112
Highlights
- Extensively modernized two-story retail building with a brick façade and new floor-to-ceiling windows in the desirable Broad Avenue Arts District.
- Conveniently located less than a 10-minute drive from the Interstates 40 and 240 interchange and 12 minutes east of bustling Downtown Memphis.
- Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
- Ideally situated with premium visibility and 55 feet of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500-5,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 2nd Floor | 1,960 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Double Net |
1st Floor
2537 Broad Avenue is a premier 7,260-square-foot retail/office property in the heart of the sought-after Broad Avenue Arts District of Memphis, Tennessee, across from the newly built Link Apartments Broad Avenue. 2537 Broad Avenue is a beautiful two-story building with masonry construction and impressive modern finishes. Ideally situated with premium visibility and 55’ of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard. Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Kitchen
- Private Restrooms
- Security System
- High Ceilings
- Exposed Ceiling
- Secure Storage
- Recessed Lighting
- Plug & Play
- After Hours HVAC Available
- Divisible to 2,500, 4,000 or 7,260 square feet.
2nd Floor
Amazing 2nd floor designer inspired space with a full kitchen and tons of natural light. Three private offices with a large collaborative space or show room layout. A must see for anyone looking for a modern, vibrant space designed by local interior design firm.
- Lease rate does not include certain property expenses
- Fully Built-Out as Professional Services Office
- Mostly Open Floor Plan Layout
- 3 Private Offices
- Space is in Excellent Condition
- Central Air and Heating
- Kitchen
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Natural Light
- After Hours HVAC Available
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.
SITE PLAN
PROPERTY FACTS FOR 2537 Broad Ave , Memphis, TN 38112
| Min. Divisible | 1,960 SF | Gross Leasable Area | 7,260 SF |
| Property Type | Retail | Year Built/Renovated | 1912/2020 |
| Property Subtype | Storefront | Parking Ratio | 0.55/1,000 SF |
| Min. Divisible | 1,960 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 7,260 SF |
| Year Built/Renovated | 1912/2020 |
| Parking Ratio | 0.55/1,000 SF |
About the Property
Discover a stunning, move-in-ready retail/office opportunity in the Broad Avenue Arts District. 2537 Broad Avenue is a beautiful two-story building with masonry construction and impressive modern finishes. Both suites feature private entrances with suspended overhead canopies for each tenant. Floor-to-ceiling windows provide the perfect place for tenant signage while allowing ample natural light to flow in. The property is strategically positioned across from the newly built Link Apartments Broad Avenue, encompassing sought-after demographics. 2537 Broad Avenue is just 5.4 miles from Downtown Memphis within the Binghampton neighborhood, a growing residential enclave. Binghampton, which began as a small railroad town anchored by industrial development, has developed into a lively retail corridor that displays vibrant murals on the industrial properties, memorializing its rich history. Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more. 2537 Broad Avenue offers a prime opportunity to own and occupy a completely renovated, like-new building in one of Memphis’ most popular submarkets.
- Bus Line
- Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
Nearby Major Retailers
Leasing Agent
Leasing Agent
Dede Malmo, CCIM, President
Presented by
2537 Broad Ave
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