Brand-New Dollar General | Memphis, TN | 5.75% Cap Rate

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Memphis.  The subject property has a 15-year, NNN with an estimated delivery date of February 2020.   Memphis is the largest city on the Mississippi River, the 2nd most populous city in Tennessee, and is the 26th largest city in the U.S.  The store benefits from strong traffic counts, dense population in the area, and strong retail presence surrounding the property.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,674,693 | 5.75% Cap Rate
  • Net Operating Income:  $96,294.84
  • Building Size: ±7,545 sq. ft.*
  • Lot Size: ±0.85 acres*
  • Lease Type:  15-year, NNN Lease**
  • Estimated Delivery Date:  February 2020
  • Five (5), Five (5) year renewal options with 10% increases
  • Strong urban location surrounded by national retailers and restaurants
  • Store located just off the intersection of Winchester Rd. and Mendenhall Rd.
  • Strong traffic counts near store – ±35,000 VDP on Winchester; ±22,024 on Mendenhall (source: Esri)

For more information about this property, please contact Elizabeth J. Randall, CCIM or Brian P. Phillips, CCIM.

Important Disclosure: An owner/agency relationship exists with an Associate Brokers of Randall Commercial Group, LLC and the owner of Subject Property located at 3632 Winplace Rd., Memphis, TN.  The Associate Broker has an ownership interest in the Subject Property located at 3632 Winplace Rd., Memphis, TN, and other business with the Manager of the ownership entity.

*Source:  Lease & Site Plans

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,674,693 | 5.75%

Address: 3632 Winplace Road, Memphis, TN 39119

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