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  2. TN
  3. Memphis
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For Lease

5240 Summer Avenue

5240 Summer Avenue, Memphis, TN 38122

10,000

SF Available
10,000 SF Building on 1.05 Acres For Lease Directly on Summer Ave at the I-40/I-240 Interchange10,000 SF Building on 1.05 Acres For Lease Directly on Summer Ave at the I-40/I-240 Interchange

Key features

  • 1.05 acre lot with 50+ parking spaces
  • Area retailers include: At Home, TJ Maxx, Five Below, Restaurant Depot, ALDI, Lowe's, O'Reilly Auto Parts, Harbor Freight, Walgreens, Chick-Fil-A, Burger King, Starbucks, Wendy's, Taco Bell, and more
  • Dedicated Pylon Signage visible from Summer, I-40 and I-240 ideal for retailers seeking strong exposure along major Memphis corridors
  • Traffic Counts: I-40 (170,351 AADT), I-240 (174,669 AADT), and Summer Ave (20,824 AADT)

Rental Details

  • Number of spaces 1
  • Total square feet available 10,000 SF
  • For Lease Contact for pricing
  • Space Types Retail
  • Lease Type NNN
  • Date Updated May 11, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 1 Space Available

5240

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 10,000 SF
  • Divisible Space 10,000 - 10,000 SF
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sublease No
broker
Dustin Jones

Jones Aur Commercial Real Estate

Contacts

broker
Dustin Jones

Jones Aur Commercial Real Estate

Building Details

  • For Lease Contact for pricing
  • Property Type Retail - Street Retail
  • Property Size 10,000 SF
  • Date Updated May 11, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Car-Dependent (46)
  • Transit Score ®

    Minimal Transit (24)
  • Bike Score ®

    Somewhat Bikeable (26)
Powered by Walk Score ®

Location

  • City Memphis, TN
  • Neighborhood Raleigh
  • Zip Code 38122
  • Market Memphis
  • Map
  • Street

Points of Interest

Pauline

8.11 miles

Dunlap

8.30 miles

Orleans

8.57 miles

Danny Thomas

8.89 miles

North End

9.13 miles

Overton

9.17 miles

Third Street

9.20 miles

Convention Center

9.25 miles

Pyramid

9.31 miles

Exxon

1.19 miles

BP

2.04 miles

Shell

2.29 miles

FLASH MARKET #163

2.40 miles

Marathon

2.43 miles

ChargePoint

2.93 miles

Kroger

3.09 miles

Walmart

3.21 miles

Valero

3.22 miles

Valet Lot

2.34 miles

Employee Parking

2.37 miles

Outpatient Testing and Medical Plaza 3 Garage

2.41 miles

Hospital Visitors and Medical Plaza 1 & 2 Garage

2.43 miles

Baptist Memorial Hospital for Women Garage

2.65 miles

Woodland Discovery Park Parking

3.42 miles

Deloach Parking Garage

3.75 miles

CBU Resident Parking

5.62 miles

Central Parking lot

5.69 miles

Kroger

1.83 miles

Barakat Middle Eastern Market

2.11 miles

Stepherson's

2.46 miles

Whole Foods Market

2.95 miles

High Point Terrace Shopping Center

2.98 miles

High Point Grocery

2.98 miles

Sprouts Farmers Market

2.99 miles

Walmart Supercenter

3.04 miles

Macy's

3.04 miles

5240 Summer Avenue Listing Summary

  • The Price for Retail Space at 5240 Summer Avenue

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    5240 Summer Avenue is located in the Raleigh neighborhood, which is home to a total of 20 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 5240 Summer Avenue

    The property exclusively contains Retail space totaling 10,000 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Raleigh Neighborhood

    5240 Summer Avenue is located in the Raleigh neighborhood of Memphis. The Raleigh retail market offers 20 retail listing(s), representing a total of 225,500 square feet of retail space for lease.

    The most common retail type in the Raleigh neighborhood is Flex - Industrial, of which the market currently offers 1 space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Raleigh resident is 32 years old, and the median household income here is $48,710 per year.

Contact Listing Broker
broker
Dustin Jones

Jones Aur Commercial Real Estate

  1. 1Main information
  2. 2Extra information
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