Perimeter Center
5230 Summer Ave, Memphis, TN 38122
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 5
- Total square feet available 72,655 SF
- For Lease Price on request
- Space Type Retail
- Lease Type NNN
- Latest Update Oct 15, 2026
Reach out to the broker for more info on lease terms and amenities
True
5 Spaces Available
| Space Name | Space Type | Lease Rate | Total Space | Floor | Lease Type | |
|---|---|---|---|---|---|---|
| Pad Opportunity | Retail | Price on request | 21,780 SF | - | NNN | |
| Suite 5248 | Retail | Price on request | 19,400 SF | - | NNN | |
| Suite 5258 | Retail | Price on request | 20,743 SF | - | NNN | |
| Suite 5266-25 | Retail | Price on request | 3,992 SF | - | NNN | |
| Suite 5266-35 | Retail | Price on request | 6,740 SF | - | NNN |
Pad Opportunity
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 21,780 SF
- Lease Type
- NNN
Suite 5248
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 19,400 SF
- Lease Type
- NNN
Suite 5258
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 20,743 SF
- Lease Type
- NNN
Suite 5266-25
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 3,992 SF
- Lease Type
- NNN
Suite 5266-35
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 6,740 SF
- Lease Type
- NNN
Contacts
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 Oct 15, 2026
Location
- City Memphis, TN
- Neighborhood Raleigh
- Zip Code 38122
- Market Memphis
-
Walk score 42/100 Car-Dependent -
Transit score 24/100 Minimal Transit -
Bike score 42/100 Somewhat Bikeable
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
-
Property Characteristics This retail property is rated Class C based on its characteristics, amenities, and location. Located at 5230 Summer Ave, it was completed in 1972.
-
Retail Space Available The property exclusively contains Retail space totaling 72,655 square feet. The leasing opportunity here is available under NNN lease terms.
-
Space Sizes - The property houses 2 retail spaces in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
- 5230 Summer Ave includes 3 large retail spaces 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.
-
Area Characteristics 5230 Summer Ave 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
