Covington Springs
3830-3854 Austin Peay Hwy, Memphis, TN 38128
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 Price on request
- Space Type Retail
- Lease Type NNN
- Latest Update Nov 7, 2026
Reach out to the broker for more info on lease terms and amenities
True
3 Spaces Available
| Space Name | Space Type | Lease Rate | Total Space | Floor | Lease Type | |
|---|---|---|---|---|---|---|
| Suite 3850-4 | Retail | Price on request | 3,070 SF | - | NNN | |
| Suite 3854-K-1 | Retail | Price on request | 1,960 SF | - | NNN | |
| Suite 3854-K-2 | Retail | Price on request | 2,072 SF | - | NNN |
Suite 3850-4
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 3,070 SF
- Lease Type
- NNN
Suite 3854-K-1
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 1,960 SF
- Lease Type
- NNN
Suite 3854-K-2
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 2,072 SF
- Lease Type
- NNN
Contacts
Jones Aur Commercial Real Estate
Building Details
- For Lease Price on request
- Property Type Retail - Street Retail
- Property Size 41,160 SF
- Lot Size 1.36 Acre
- Additional Rent Price on request
- Building Class B
- Year Built 1994
- Date Updated Nov 7, 2026
Location
- City Memphis, TN
- Neighborhood Raleigh
- Zip Code 38128
- Market Memphis
-
Walk score 44/100 Car-Dependent -
Transit score 25/100 Some Transit -
Bike score 40/100 Somewhat Bikeable
Points of Interest
Cleveland Street
9.27 miles
Pauline
9.70 miles
Dunlap
9.84 miles
North End
9.92 miles
BP
0.35 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
Woodland Discovery Park Parking
7.23 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
Kroger
0.15 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
Listing Summary
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Property Characteristics This retail property is rated Class B based on its characteristics, amenities, and location. Located at 3830-3854 Austin Peay Hwy, it was completed in 1994.
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Retail Space Available The property exclusively contains Retail space totaling 7,102 square feet. The leasing opportunity here is available under NNN lease terms.
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Space Sizes - The property houses 3 retail spaces in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
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Area Characteristics 3830-3854 Austin Peay Hwy is located in the Raleigh neighborhood of Memphis. The Raleigh retail market offers 22 retail listings, representing a total of 262,806 square feet of retail space for lease.
The most common retail type in the Raleigh neighborhood is Whitehaven, of which the market currently offers 54 spaces.
You can also find 41 Cordova spaces. Additionally, leasing opportunities here include 29 Hickory Hill spaces.
Jones Aur Commercial Real Estate
