• Broker Sullivan Roche 8588754677
  • Broker Steve Avoyer 6192802600
  • Broker Gael Courtney 6199870216

5930 Summer Ave 7,489 SF Retail Building Memphis, TN 38134 £1,119,541 (£149.49/SF) 6.50% Net Initial Yield

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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.

ATTACHMENTS

FA_5930-Summer-Avenue
FA_5930-Summer-Avenue_View

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Building Class
B
Year Built
2019
Price
£1,119,541
Price Per SF
£149.49
Net Initial Yield
6.50%
NOI
£72,770
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

Krystal
IHOP
Cracker Barrel Old Country Store
Waffle House
Back Yard Burgers
D-BAT

PROPERTY TAXES

Parcel Number 08-8046-0-0076 Improvements Assessment £317,905
Land Assessment £79,408 Total Assessment £397,313

MAP

ADDITIONAL PHOTOS

View Photo Primary Photo
View Photo Building Photo

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