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  1. Retail Space
  2. TN
  3. Memphis

Perimeter Center

For Lease 53,255 SF

5230 Summer Ave, Memphis, TN 38122

380,505 SF Retail Center with Strong Co-Tenancy and Highway Visibility380,505 SF Retail Center with Strong Co-Tenancy and Highway Visibility

Key features

  • Ample parking with more than 500 spaces
  • Area Retailers Include: TJ Maxx, Kroger, ALDI, Chick-fil-A, Starbucks, Chipotle, Dollar General, Subway, McDonald's, Walgreens, Taco Bell, AutoZone, Family Dollar, Pizza Hut, O'Reilly Auto Parts, Wendy's, Ross, Five Below, Papa John's, Big Lots, and many more
  • Join At Home, Floor and Decor, and Royal Furniture at Perimeter Center
  • Located at the I-240 and I-40 interchange facing Summer Avenue
  • Traffic Counts: Summer Avenue (21,290 AADT), I-240 (183,276 AADT), and I-40 (138,370)

Rental Details

  • Number of spaces 4
  • Total square feet available 53,255 SF
  • For Lease Price on request
  • Space Type Retail
  • Lease Type NNN
  • Latest Update Sep 2, 2026
View Attachment
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4 Spaces Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
Pad Opportunity Retail Price on request 21,780 SF - NNN

Pad Opportunity

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

21,780 SF

Divisible Space

0.5 - 0.5 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5258 Retail Price on request 20,743 SF - NNN

Suite 5258

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

20,743 SF

Divisible Space

20,743 - 20,743 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5266-25 Retail Price on request 3,992 SF - NNN

Suite 5266-25

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

3,992 SF

Divisible Space

3,992 - 3,992 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5266-35 Retail Price on request 6,740 SF - NNN

Suite 5266-35

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

6,740 SF

Divisible Space

6,740 - 6,740 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Pad Opportunity

Space Type
Retail
Lease Rate
Price on request
Total Space
21,780 SF
Lease Type
NNN
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

21,780 SF

Divisible Space

0.5 - 0.5 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5258

Space Type
Retail
Lease Rate
Price on request
Total Space
20,743 SF
Lease Type
NNN
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

20,743 SF

Divisible Space

20,743 - 20,743 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5266-25

Space Type
Retail
Lease Rate
Price on request
Total Space
3,992 SF
Lease Type
NNN
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

3,992 SF

Divisible Space

3,992 - 3,992 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 5266-35

Space Type
Retail
Lease Rate
Price on request
Total Space
6,740 SF
Lease Type
NNN
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

6,740 SF

Divisible Space

6,740 - 6,740 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

broker
Jonathan Aur

Jones Aur Commercial Real Estate

Building Details

  • For Lease Price on request
  • Property Type Retail - Street Retail
  • Property Size 380,505 SF
  • Lot Size 30.78 Acre
  • Additional Rent Price on request
  • Building Class C
  • Year Built 1972
  • Date Updated Sep 2, 2026

Location

  • City Memphis, TN
  • Neighborhood Raleigh
  • Zip Code 38122
  • Market Memphis
  • Map
  • Street
  • Walk score 42/100 Car-Dependent
  • Transit score 24/100 Minimal Transit
  • Bike score 42/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Cleveland Street

7.44 miles

Pauline

8.07 miles

Dunlap

8.26 miles

Orleans

8.54 miles

Danny Thomas

8.85 miles

North End

9.08 miles

Overton

9.12 miles

Third Street

9.16 miles

Convention Center

9.20 miles

Pyramid

9.26 miles

Mobil

0.74 miles

Exxon

1.11 miles

BP

1.98 miles

Shell

2.26 miles

FLASH MARKET #163

2.37 miles

Marathon

2.53 miles

ChargePoint

3.01 miles

Valero

3.13 miles

Kroger

3.17 miles

Walmart

3.21 miles

BAC Parking

2.40 miles

Valet Lot

2.44 miles

Employee Parking

2.47 miles

Outpatient Testing and Medical Plaza 3 Garage

2.51 miles

Hospital Visitors and Medical Plaza 1 & 2 Garage

2.53 miles

Baptist Memorial Hospital for Women Garage

2.75 miles

Woodland Discovery Park Parking

3.49 miles

Deloach Parking Garage

3.77 miles

CBU Resident Parking

5.61 miles

Central Parking lot

5.67 miles

ALDI

1.03 miles

Kroger

1.80 miles

Barakat Middle Eastern Market

2.05 miles

Stepherson's

2.39 miles

High Point Terrace Shopping Center

2.95 miles

High Point Grocery

2.95 miles

Whole Foods Market

3.03 miles

Walmart Supercenter

3.04 miles

Sprouts Farmers Market

3.06 miles

Macy's

3.10 miles

Listing Summary

  • The Price for Retail Space at 5230 Summer Ave

    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.

    5230 Summer Ave is located in the Raleigh neighborhood, which is home to a total of 21 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 5230 Summer Ave

    The property exclusively contains Retail space totaling 53,255 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 2 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 5230 Summer Ave, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. The property includes 2 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

    5230 Summer Ave is located in the Raleigh neighborhood of Memphis. The Raleigh retail market offers 21 retail listing(s), representing a total of 248,454 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). You can also find 1 Restaurant 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 Jonathan Aur
broker
Jonathan Aur

Jones Aur Commercial Real Estate

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