Brand New Dollar General | Memphis, TN | 6.35% 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, TN, scheduled to be delivered in March of 2018.  The subject property has a 15-year, NNN lease commencing the earlier of (i) the date which is sixty (60) days after the Delivery Date, or (ii) the date on which Tenant shall open the Demised Premises for business. Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,599,919
  • Cap Rate:  6.35%
  • Annual Rent/NOI:  $101,594.88
  • Building Size:  7,500 sq. ft.*
  • Lot Size:  1.84 acres*
  • Lease Type:  NNN

*Owner provided data
**Owner-Agency Disclosure: An owner/agency relationship exists with the Principal Broker and with Associate Brokers (“the Brokers”) of Randall Commercial Group, LLC and the owner of Subject Property located at  3305 Summer Ave., Memphis, TN.  The Brokers have an ownership interest in the Subject Property located at 3305 Summer Ave., Memphis, TN, and other business with the Manager of the ownership entity.

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,599,919

Address: 3305 Summer Avenue, Memphis, TN 38122

Bookmark the permalink.