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Sanderlin Shopping Center 5101 Sanderlin Ave
2,831 SF of Retail Space Available in Memphis, TN 38117
Highlights
- Creative collection of food, boutiques, services, and exercise and health studios
- Constant flow of customer traffic day and evening
- Delicious choices for breakfast, lunch, and dinner.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,831 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
5101 Sanderlin Ave - 1st Floor
Prime End-Cap space in the heart of one of East Memphis' most popular commercial corridors.
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 Sanderlin Shopping Center
- Tenant
- Description
- US Locations
- Reach
- City Silo Table + Pantry
- Restaurant
- 1
- Regional
- KO's ATA Martial Arts
- Fitness
- 159
- International
- Marcos Pizza
- Pizza
- 1,490
- International
- Oak Court Salon
- Salon/Barber/Spa
- 1
- Local
- St Paul Book & Gift Store
- Books
- 1
- Local
- Wasabi Sushi & Asian Fusion-Memphis
- Restaurant
- 1
- Local
| Tenant | Description | US Locations | Reach |
| City Silo Table + Pantry | Restaurant | 1 | Regional |
| KO's ATA Martial Arts | Fitness | 159 | International |
| Marcos Pizza | Pizza | 1,490 | International |
| Oak Court Salon | Salon/Barber/Spa | 1 | Local |
| St Paul Book & Gift Store | Books | 1 | Local |
| Wasabi Sushi & Asian Fusion-Memphis | Restaurant | 1 | Local |
PROPERTY FACTS FOR 5101 Sanderlin Ave , Memphis, TN 38117
| Center Type | Neighborhood Center | Frontage | 207’ on Sanderlin Ave |
| Parking | 219 Spaces | Gross Leasable Area | 47,290 SF |
| Stores | 22 | Total Land Area | 4.08 AC |
| Center Properties | 1 | Year Built | 1990 |
| Center Type | Neighborhood Center |
| Parking | 219 Spaces |
| Stores | 22 |
| Center Properties | 1 |
| Frontage | 207’ on Sanderlin Ave |
| Gross Leasable Area | 47,290 SF |
| Total Land Area | 4.08 AC |
| Year Built | 1990 |
About the Property
Premier East Memphis shopping, services, and dining destination. Creative collection of exercise / health studios including Ciao Bella, Neighborhood Barre, Bikram Yoga, and TNT Martial Arts. Caters to neighboring 250+ room Double Tree Hotel and Clark Tower, a 34 story high rise office building as well as the 22 story i-Bank building. Shares the same block with Whole Foods, Houton's Restaurant, and the Malco Paradiso movie theater. Monument Signage available.
- Monument Signage
Nearby Major Retailers
Contacts
-
Michael Lightman Sr -
Adam Lightman -
Michael Lightman Jr -
Michael Lightman Realty
Presented by
Sanderlin Shopping Center | 5101 Sanderlin Ave
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