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Perimeter Shopping Center 5200-5280 Summer Ave
3,992 - 24,735 SF of Retail Space Available in Memphis, TN 38122
Highlights
- Perimeter Shopping Center is located at the interchange of I-240 and I-40
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 20,743 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 3,992 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
5232-5266 Summer Ave - 1st Floor
At the interchange of I-240 and I-40 with excellent visibility to both, Perimeter Shopping Center has become a destination site for value-minded shoppers. Easily accessible from the Interstate and Summer Avenue. Join a successful line-up of furniture retailers and discounters in an excellent demographically centered location. With over 151,000 cars passing the location daily, Perimeter Shopping Center boasts unparalleled visibility in a prime location. 2023 demographics within 1 mile radius; population of 4,468 and average household income $69,911, 3 mile radius; population 64,609 and average household income $84,313, 5 mile radius; population 188,765 and average household income $80,221.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air Conditioning
5232-5266 Summer Ave - 1st Floor - Ste 3
At the interchange of I-240 and I-40 with excellent visibility to both, Perimeter Shopping Center has become a destination site for value-minded shoppers. Easily accessible from the Interstate and Summer Avenue. Join a successful line-up of furniture retailers and discounters in an excellent demographically centered location. With over 151,000 cars passing the location daily, Perimeter Shopping Center boasts unparalleled visibility in a prime location. 2023 demographics within 1 mile radius; population of 4,468 and average household income $69,911, 3 mile radius; population 64,609 and average household income $84,313, 5 mile radius; population 188,765 and average household income $80,221.
- Central Air Conditioning
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 Perimeter Shopping Center
- Tenant
- Description
- US Locations
- Reach
- At Home
- Home Accessories
- 332
- National
- Floor & Decor
- Floor Covering
- 265
- National
| Tenant | Description | US Locations | Reach |
| At Home | Home Accessories | 332 | National |
| Floor & Decor | Floor Covering | 265 | National |
PROPERTY FACTS FOR 5200-5280 Summer Ave , Memphis, TN 38122
| Center Type | Community Center | Frontage | |
| Parking | 1,608 Spaces | Gross Leasable Area | 376,028 SF |
| Stores | 17 | Total Land Area | 95.86 AC |
| Center Properties | 5 | Year Built | 1972 |
| Center Type | Community Center |
| Parking | 1,608 Spaces |
| Stores | 17 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 376,028 SF |
| Total Land Area | 95.86 AC |
| Year Built | 1972 |
About the Property
Perimeter Shopping Center is a destination for value minded shoppers. Perimeter Shopping Center is located at the interchange of I-240 and I-40 with traffic counts of 151,000 and visibility to both. Approximately 370,000 Sq Ft of Retail Space within the center. A destination for Value-minded Shoppers At the I-240 / I-40 interchange
- Pylon Sign
- Restaurant
- Signage
-
Trip Spear -
Morris Thomas -
Belz Enterprises
Presented by
Perimeter Shopping Center | 5200-5280 Summer Ave
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