True
Space Available For Lease 1
Entire Building |
former freestanding Dollar General
|
Contacts
Woodcrest Capital
Woodcrest Capital
Property Details
- Property Type Retail
- Property Size 9,016 SF
- Lot Size 1.26 Acre
- Zoning CMU-3
- # of Floors 1
- Parking Spaces Avail. 30
- Parking Ratio 3.33 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class B
- Year Built 2014
- Date Updated Apr 24, 2026
Located at 5226 S Third Street/US-61 in Memphis, this Freestanding Retail building offers over 9,000 square feet of single-tenant space. Formerly occupied by Dollar General, the property features 30 parking spaces on site and excellent visibility along Highway 61, a major north–south road seeing up to 28,000 vehicles per day. Positioned just five miles from a major retail development featuring Walmart, Kroger, and Aldi, this property benefits from consistent and strong daily traffic and an established consumer base. This freestanding site is adaptive, flexible, and a great choice for businesses seeking retail space in South Memphis.
Memphis is the second most populated city in Tennessee and continues to see steady population growth within a five-mile radius of the property. Just six miles from Graceland, one of the city’s most visited tourist destinations attracting over 600,000 annual visitors, this building benefits from both local and visitor-driven traffic.
Memphis also serves as a crucial industrial and logistics hub for the Southeastern United States, supported by the Mississippi River, five major freight railroads, and direct access to Interstates 40 and 55. Businesses looking for retail property in Memphis, Tennessee will gain exposure, regional commerce, and one of the country’s most connected markets with this Freestanding Retail building.
Commercial space in this Freestanding Retail building is generally suitable for anything from traditional retail storefronts and restaurants to offices to medical or other professional service providers.
Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!
Reach out to the broker for more info on lease terms and amenities
Highlights
- 2014-Built 9,016 SF Freestanding Retail Opportunity
- Located in southwest Memphis TN directly on US 61
- Join this modern freestanding retail property with a special Introductory Rate for an As-Is Lease today!
Attachments
Getting around
-
21/100
Walk Score ®
-
26/100
Transit Score ®
-
30/100
Bike Score ®
Location
- City Memphis, TN
- Neighborhood Coro Lake
- Zip Code 38109
- Market Memphis
Points of Interest
-
Central Station
9.14 miles
-
Butler
9.28 miles
-
Huling
9.40 miles
-
Huling Avenue
9.46 miles
-
Dr. Martin Luther King, Jr.
9.65 miles
-
Beale Street Landing
9.70 miles
-
Beale Street
9.78 miles
-
Peabody Place
9.86 miles
-
Union Avenue
9.96 miles
-
BP
4.25 miles
-
Valero
4.29 miles
-
Exxon
4.63 miles
-
Kroger
4.80 miles
-
Dodge’s
5.16 miles
-
Marathon
5.21 miles
-
Phillips 66
5.50 miles
-
Citgo
5.70 miles
-
Tennessee Welcome Center
6.26 miles
-
Economy Parking West Lot
7.47 miles
-
Parking Garage
7.54 miles
-
Parking Garage & Rental Car Facility
7.58 miles
-
Cell Phone Lot
7.60 miles
-
East Lot
7.70 miles
-
The Artesian Parking Garage
8.76 miles
-
Democrat Tug Lot
8.84 miles
-
The Lofts at South Bluff Parking
9.20 miles
-
Popeyes
4.70 miles
-
Krystal
4.79 miles
-
Marlowe's Ribs & Restaurant
4.80 miles
-
McDonald's
5.07 miles
-
Subway
5.08 miles
-
Dodge’s Fried Chicken
5.16 miles
-
Hong Kong Restaurant
5.17 miles
-
KFC
5.46 miles
-
Checkers
5.48 miles
-
Mr. Frazier's Fish Fry
5.65 miles
-
Walmart Supercenter
4.39 miles
-
Kroger
4.78 miles
-
ALDI
5.12 miles
-
Superlo Foods
9.62 miles
-
Peabody Place
9.86 miles
5226 S Third St Listing Brief
-
A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
The rent for retail space at 5226 S Third St is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.
-
The property includes 9,016 square feet of retail space for lease. Of this total, 9,016 square feet are Free Standing Bldg.
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
-
You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
For car-travelling customers, 5226 S Third St has a parking ratio of 3.33 / 1,000 SF, offering 30 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Coro Lake is 39. The average household income here is $37,496 per year.
