5930 Summer Ave 7,489 SF Retail Building Memphis, TN 38134 $1,485,985 ($198.42/SF) 6.50% Cap Rate
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
$1,485,985
Price Per SF
$198.42
Cap Rate
6.50%
NOI
$96,589
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.78 AC
Parking
30 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
280’ on Summer Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-8046-0-0076 | Improvements Assessment | $421,960 |
| Land Assessment | $105,400 | Total Assessment | $527,360 |
CONTACTS
-
Sullivan Roche -
Steve Avoyer -
Gael Courtney -
Julia McCullah -
Mia Suni -
Flocke & Avoyer Commercial Real Estate
