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2471 Covington Pike
16,652 SF of Retail Space Available in Memphis, TN 38128
Highlights
- Large Corner Lot
- Best Location in Town
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 16,652 SF | Negotiable | £12.88 /SF/PA £1.07 /SF/MO £214,449 /PA £17,871 /MO | Triple Net |
1st Floor
Very nice and complete space with ample shop area. Large corner lot with incredible visibility.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- Plug & Play
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 agent 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 2471 Covington Pike, Memphis, TN 38128
- Tenant
- Description
- US Locations
- Reach
- Airport Auto
- Service type
- 1
- -
- Keras Automotive
- Service type
- -
- -
- Marie M Alexander
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Airport Auto | Service type | 1 | - |
| Keras Automotive | Service type | - | - |
| Marie M Alexander | - | 1 | - |
PROPERTY FACTS FOR 2471 Covington Pike , Memphis, TN 38128
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Auto Dealership | Parking Ratio | 9/1,000 SF |
| Gross Internal Area | 16,652 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Internal Area | 16,652 SF |
| Year Built | 2003 |
| Parking Ratio | 9/1,000 SF |
About the Property
Auto Dealership on THE Auto Dealership Street
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
Nearby Major Retailers
Presented by
2471 Covington Pike
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