REIT Sale | Former Dollar General | 19K VPD | 2009 Built

Highlights:

• 9,207 SF Freestanding Value-Add Retail on 1.9 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2009; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Neighboring Retail: Kroger, Walgreens, McDonald’s, Family Dollar, Subway, Cricket, Advance Auto Parts | 1-mi from Nike’s Major Distribution Hub with 2.8M SF
• 19,492 VPD Traffic Counts on Frayser Blvd and Near Signalized Intersection with Range Line Dr (9K VPD)
• Zoned CMU-1, Commercial Mixed Use - 1 with a Variety of Permitted Uses
• Attractive Demographics with Population of ±125,844 and Average Household Income of ±$61,361 (5-Mile)

Description:

Ri Marketplace Online Auction October 14th-16th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2709/reit-sale-former-dollar-general-19k-vpd-2009-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2709

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 2704 Frayser Boulevard in Memphis, TN 38127 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property within Memphis’s North Submarket at a significant discount. FIRST BID MEETS RESERVE!

Built in 2009, the Property features a one-story, free-standing retail building totaling ±9,207 square feet, situated on a ±1.90-acre parcel (±82,899 SF) with 30 surface parking spaces. The site offers excellent accessibility via one dedicated ingress/egress curb cut and 209 feet of prime frontage on Frayser Boulevard, ensuring steady consumer traffic and strong visibility with ±19,492 vehicles passing daily (VPD). Previously occupied by Dollar General on a NNN lease, the Property presents an outstanding value-add opportunity, allowing owner/users or investors to capitalize on competitive market lease rates (CoStar estimated rents of $13–$16/SF NNN retail). Zoned CMU-1, Commercial Mixed Use – 1, the site allows for a wide range of retail and commercial uses through adaptive reuse or repositioning.

The Property is located in Memphis, TN, within the established Frayser neighborhood, a community positioned in the North Memphis submarket with excellent access to major highways and regional demand drivers. Situated along Frayser Boulevard near the intersection of Range Line Road (±9,267 VPD), the site offers strong visibility and steady traffic exposure, supported by a Walk Score® of 54 (Somewhat Walkable). This former Dollar General is caddy-corner to a busy McDonald’s and surrounded by a complementary mix of national and regional retailers including Kroger, Walgreens, and Family Dollar, which drive consistent daily activity. The Property also benefits from proximity to key economic anchors, including one of Nike’s largest U.S. distribution campuses (±2.8M SF), which supports thousands of jobs and bolsters consumer demand throughout the area. Additionally, the Frayser trade area is home to government facilities, schools, parks, and established residential neighborhoods that contribute to reliable local traffic. The Property is ±3-mi from I-40 (over 98,000 VPD), offering quick access to the broader metro, and ±9-mi from both Downtown Memphis and the Medical District. Positioned within a 5-mi trade area of ±125,844 residents with an average household income of ±$61,361, the site is supported by a strong and diverse consumer base. With its combination of neighborhood density, corporate anchors, and regional connectivity, the Property is well-positioned to capture demand from both local residents and the broader Memphis market.

John Roebuck
c/o Fisher Auction Company Inc.
License: 1702
TN Broker No. 00022430
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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