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, TN. The subject property has a 15-year, NNN lease with a rent commencement date of October 30, 2019. 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:  $1,679,818 | 5.75% Cap Rate
  • Net Operating Income:  $96,589.56
  • Building Size: ±7,489 sq. ft.*
  • Lot Size: ±1.78 acres*
  • Lease Type:  15-year, NNN Lease**
  • Rent Commencement Date:  October 30, 2019
  • Five (5), Five (5) year renewal options with 10% increases
  • Strong urban location surrounded by national retailers
  • Store located just off the intersection of Summer Ave. and Sycamore View Road
  • ±0.7 miles from I-40 interchange
  • Strong traffic counts near store:  21,910 AADT at Store; 33,006 AADT on intersection; 123,189 AADT on I-40

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 5930 Summer Ave., Memphis, TN. The Associate Broker has an ownership interest in the Subject Property located at 5930 Summer Ave., 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: $1,679,818 | 5.75% Cap Rate

Address: 5930 Summer Ave., Memphis, TN 38134

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