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  1. Retail Space
  2. TN
  3. Memphis
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For Lease

Covington Springs

3830-3854 Austin Peay Hwy, Memphis, TN 38128

7,102

SF Available
Multiple Suites Available in Covington Springs, a Neighborhood Shopping Center off of Austin Peay HighwayMultiple Suites Available in Covington Springs, a Neighborhood Shopping Center off of Austin Peay Highway

Key features

  • Adjacent to Methodist North Hospital, a 246 bed facility, voted one of the best hospitals in the Memphis Metro Area
  • Close proximity to new developments on Austin Peay Highway including newly constructed Chick-Fil-A, Starbucks, and Bojangles
  • Less than 2 miles away from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library
  • Shadow Center to Walmart and Kroger
  • Tenants Include: Dollar Tree, Goodwill, CATO, American Deli, Fresenius Kidney Care, and many more
  • Traffic Counts: Austin Peay Highway (23,170 AADT)

Rental Details

  • Number of spaces 3
  • Total square feet available 7,102 SF
  • For Lease Contact for pricing
  • Space Types Retail
  • Lease Type NNN
  • Date Updated May 22, 2026
Want more info on this listing?

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

True

For Lease 3 Spaces Available

Suite 3850-4

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 3,070 SF
  • Divisible Space 3,070 - 3,070 SF
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sublease No
broker
Dustin Jones

Jones Aur Commercial Real Estate

Suite 3854-K-1

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,960 SF
  • Divisible Space 1,960 - 1,960 SF
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sublease No
broker
Dustin Jones

Jones Aur Commercial Real Estate

Suite 3854-K-2

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,072 SF
  • Divisible Space 2,072 - 2,072 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 41,160 SF
  • Lot Size 1.36 Acre
  • Building Class B
  • Year Built 1994
  • Date Updated May 22, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Car-Dependent (44)
  • Transit Score ®

    Some Transit (25)
  • Bike Score ®

    Somewhat Bikeable (40)
Powered by Walk Score ®

Location

  • City Memphis, TN
  • Neighborhood Raleigh
  • Zip Code 38128
  • Market Memphis
  • Map
  • Street

Points of Interest

Pauline

9.70 miles

Dunlap

9.84 miles

North End

9.92 miles

Shell

0.68 miles

Citgo

0.74 miles

Exxon

0.94 miles

Marathon

1.61 miles

Valero

1.91 miles

ChargePoint

8.11 miles

Tesla Supercharger

9.47 miles

BAC Parking

7.28 miles

Valet Lot

7.30 miles

Outpatient Testing and Medical Plaza 3 Garage

7.38 miles

Employee Parking

7.42 miles

Hospital Visitors and Medical Plaza 1 & 2 Garage

7.43 miles

Baptist Memorial Hospital for Women Garage

7.58 miles

Memphis Zoo Parking

7.84 miles

Deloach Parking Garage

7.89 miles

Parkview Parking

8.27 miles

Walmart Supercenter

0.25 miles

ALDI

1.74 miles

Walmart Neighborhood Market

2.89 miles

Stage Centre

3.57 miles

Barakat Middle Eastern Market

3.65 miles

Target

6.01 miles

The Market at Wolfcreek

6.18 miles

High Point Terrace Shopping Center

6.37 miles

Macy's

6.46 miles

3830-3854 Austin Peay Hwy Listing Summary

  • The Price for Retail Space at 3830-3854 Austin Peay Hwy

    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.

    3830-3854 Austin Peay Hwy 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 3830-3854 Austin Peay Hwy

    The property exclusively contains Retail space totaling 7,102 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. You will find 3 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 3830-3854 Austin Peay Hwy, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. 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

    3830-3854 Austin Peay Hwy 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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