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NEWLY RENOVATED 3074 Covington Pike 1,631 SF of Retail Space Available in Memphis, TN 38128
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,631 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
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.
PROPERTY FACTS
| Total Space Available | 1,631 SF | Gross Leasable Area | 1,631 SF |
| Property Type | Retail | Year Built/Renovated | 1988/2006 |
| Property Subtype | Freestanding | Parking Ratio | 10/1,000 SF |
| Total Space Available | 1,631 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,631 SF |
| Year Built/Renovated | 1988/2006 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
Introducing a prime commercial space for lease in Memphis, TN: 3074 Covington Pike. This freestanding building offers 1,631 SF of move-in ready space, ideal for a variety of business needs. Located at the bustling intersection of Stage Rd and Covington Pike, this property boasts high visibility with daily traffic counts of 24,225 on Covington Pike and 24,560 on Stage Rd. Recently renovated in 2024, the property features a bank build-out complete with a vault, drive-thru, teller window and counter, and night deposit receptor. Natural light floods the interior through an abundance of windows, creating a welcoming atmosphere. With ample parking, including a handicap space and a monument signage opportunity, this space is designed to cater to both convenience and exposure. Don't miss out on this opportunity to establish your business in a thriving area with strong demographics. Contact us for more information and to schedule a viewing today.
- Banking
NEARBY MAJOR RETAILERS
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NEWLY RENOVATED | 3074 Covington Pike
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