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High Traffic High Visibility Union Ave 1603 Union Ave
1,950 SF of Retail Space Available in Memphis, TN 38104
Highlights
- 44,000 cars per day fronting property on Union Ave
- Corner end cap space with first in sight from Union Ave
- Entrance to National Historical Central Gardens Neighborhood
- High Visibility from Union Ave
- Dense Population 17,000 and High Average Household Income $91,000 within 1-mile radius
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 1603 | 1,950 SF | 12’ - 16’ | Negotiable | $25.51 CAD/SF/YR $2.13 CAD/SF/MO $274.64 CAD/m²/YR $22.89 CAD/m²/MO $4,146 CAD/MO $49,753 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 1603
Exposed ceiling and concrete flooring for modern urbanized look. Ready for design and complete buildout. End cap with side window. Easy street parking against the property/unit. Best visible location at entrance to Central Gardens with over 44,000 cars per day on Union Ave.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Partially Demolished Space
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 12’ - 16’
- End Cap
- High Traffic Location
- Excellent Visibility
- Exposed Ceiling ready for Modern Urbanized Design
- Midtown Location part of Central Gardens
- High Attraction next to busy Wendy's
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 FOR 1603 Union Ave , Memphis, TN 38104
| Property Type | Retail | Year Built/Renovated | 1920/2023 |
| Property Subtype | Storefront | Parking Ratio | 1.22/1,000 SF |
| Gross Leasable Area | 9,862 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,862 SF |
| Year Built/Renovated | 1920/2023 |
| Parking Ratio | 1.22/1,000 SF |
About the Property
Retail space available perfect for salon or service retailer. The property has a new roof and new HVAC systems. 1,950 sf end cap space adjacent to street curb with high visibility. Easy access turn into Central Gardens neighborhood. High visibility fronting approximately 44,000 cars per day. Excellent in-fill dense population 17,000 people with strong average household income levels $91,000 within 1-mile radius.
- 24 Hour Access
- Bus Line
- Corner Lot
- Signage
Nearby Major Retailers
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High Traffic High Visibility Union Ave | 1603 Union Ave
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