Perimeter Point Business Center

For Lease

5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, 2165 Spice Cove, Memphis, TN 38134

Perimeter Point Business Center currently offers 3 industrial space(s) for rent. The property type is designated as industrial. Use types among leasing opportunities at this property include shared space, flex - industrial and industrial. The minimum space size listed is 500 square feet. Lease type options include NNN and Modified Gross. Expand the individual listing section(s) below or reach out to the property representative(s) for additional information on leasing opportunities at Perimeter Point Business Center.

Space Available For Lease 3



Brian Califf

NAI Saig Company

(901) 526-3100

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 131,000 SF
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1987
  • Date Updated May 3, 2024
  • HVAC None
The business park is six buildings located in the block created by Covington Way, Elmore Road and Spicer Cove. It is conveniently near the intersection of I-240 & I-40 off Covington Pike.Perimeter Point Business Center is an attractive 131,000 square-foot business park in Northeast Memphis. It features both office space and showroom/warehouse space including grade-level and roll-up doors. This six building campus is conveniently located near the intersection of I-240 and I-40 off Covington Pike making it an ideal location for a regional sales and service office.

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  • Small to mid-sized office / flex spaces with warehouse from 1,000 - 9,000 SF
  • Small 1-2 person offices starting at 250 SF
  • Ample parking
  • Central locations to service Memphis MSA
  • Conveniently located near the intersection of I-240 & I-40 off Covington Pike
  • Professionally and locally Mmnaged


Getting around

  • 39/100

    Walk Score ®

  • 22/100

    Transit Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®


  • City Memphis, TN
  • Neighborhood Raleigh
  • Zip Code 38134
  • Market Memphis

Points of Interest

  • Cleveland Street

    7.77 miles

  • Pauline

    8.33 miles

  • Dunlap

    8.51 miles

  • Orleans

    8.76 miles

  • Danny Thomas

    9.01 miles

  • North End

    9.04 miles

  • Overton

    9.10 miles

  • Convention Center

    9.23 miles

  • Pyramid

    9.25 miles

  • Third Street

    9.31 miles

  • BP

    1.54 miles

  • Shell

    1.85 miles

  • Valero

    2.13 miles

  • Marathon

    2.43 miles

  • Citgo

    2.51 miles

  • Shell

    2.57 miles

  • Exxon

    2.74 miles

  • Walmart

    3.14 miles

  • Valero

    3.19 miles

  • Shell

    3.19 miles

  • Exxon Hop In

    3.18 miles

  • Jolly Wash

    3.25 miles

  • Enterprise

    5.36 miles

  • Sunshine Carwash

    6.92 miles

  • Car Wash USA Express

    7.92 miles

  • Skrubbs Car Wash

    8.03 miles

  • Enterprise

    9.08 miles

  • Avis

    9.37 miles

  • Taco Bell

    1.68 miles

  • Side Porch Steak House

    1.71 miles

  • Brad's Bar B Q Bartlett

    1.84 miles

  • McDonald's

    1.85 miles

  • Elena's Taco Shop

    1.85 miles

  • El Patron Authentic Mexican Restaurant

    1.85 miles

  • Waffle House

    2.00 miles

  • Applebee's

    2.10 miles

  • Cracker Barrel

    2.11 miles

  • KFC

    2.20 miles

5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, 2165 Spice Cove Listing Brief

  • The rental rate for available space here starts at $8.50. The asking price for this type of property can vary based on the location of the asset, as proximity to transportation hubs, access to highways or ports plays a key role in the building's valuation. Other factors that influence cost are the property age, its quality rating (building class or property class), as well as its on-site facilities and features.

  • Completed in 1987, the property at 5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, 2165 Spice Cove incorporates 131,000 square feet. It is available for lease as Multi-Tenant space.

    A single-tenant industrial space is typically ideal for businesses or organizations that require exclusive and dedicated use of the entire facility. This type of space suits industries or activities that demand specialized infrastructure, privacy, and control over the entire premises.

    Multi-tenant space is ideal for businesses that need smaller spaces or that want to share the property with other businesses. The property has a variety of smaller units available, ranging in size from 500 to 24,650 square feet.

  • Reach out to listing brokers or property representatives using the contact form available on this page, to find out more about climate control and other essential systems at this property. Climate control is typically used in industrial buildings where businesses store items that are susceptible to temperature and humidity damage, such as food, pharmaceuticals, paper, textiles, and electronics.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker


Brian Califf

NAI Saig Company

(901) 526-3100

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