5930 Summer Ave 7,489 SF Retail Building Memphis, TN 38134 £1,135,814 (£151.66/SF) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute NNN Dollar General For Sale in Memphis
- Located near I-40
- Surrounded by national retailers and restaurants
EXECUTIVE SUMMARY
This Dollar General is located in a strong urban location in Memphis, TN. The Subject Property is surrounded by national retailers and restaurants. It is only ±0.7-mile from the I-40 interchange. The Summer Ave. Dollar General enjoys strong traffic counts around the site: 24,781 ADT at Store; ±33,006 ADT at intersection; ±144,813 ADT on I-40.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Building Class
B
Year Built
2019
Price
£1,135,814
Price Per SF
£151.66
Net Initial Yield
6.50%
NOI
£73,828
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.78 AC
Parking
30 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
280 ft on Summer Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-8046-0-0076 | Improvements Assessment | £322,525 |
| Land Assessment | £80,563 | Total Assessment | £403,088 |
CONTACTS
-
Sullivan Roche -
Steve Avoyer -
Gael Courtney -
Julia McCullah -
Mia Suni -
Flocke & Avoyer Commercial Real Estate
