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 Aug 14, 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 Aug 14, 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
-
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 19 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 19 retail listing(s), representing a total of 241,144 square feet of retail space for lease.
The most common retail type in the Raleigh neighborhood is Medical Office, 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.
Jones Aur Commercial Real Estate
