Reduced Price- All Tenants Renewed- Family Dollar Shopping Center | NNN

2374 Summer Avenue, Memphis, TN

   SOLD!   

$1,590,000

Price

9.17%

Cap Rate

$146,622

NOI

Gallery
Street
Map
Overview
Cap Rate
9.17%
NOI
$146,622
Building Size
16,302 sqft
Lot Area
1.7 acres
Lease Type
Triple Net
Year Built
1988
Description

The center is comprised of such credit tenants as Family Dollar, Subway and Best Wings in Memphis. All Tenants have renewed leases.

The Family Dollar is one of the top producing company stores in the region. Best Wings in Memphis is annually noted by multiple retail associations.

Family Dollar serves a higher percentage of perishable inventory; due to strategic positioning within a grocery desertcreated by crease in submarkets. Abundant discount retail trade from students at Rhodes College; as well as surplus of grocery trade from extended neighborhoods of Summer Avenue.

Highlights
  • New Roof Installed
  • Brand New Roof Installed with 20-Year Warranty
  • High Traffic Counts
  • Tremendous Visibility
  • Recent Upgrades and Renovation
  • Credit Tenants
  • Family Dollar Strategically Placed in a Grocery "Desert"
  • Discount Retail Trade From Rhodes College to Family Dollar
  • Large Draw as a Destination Retail Location by Best Wings
Documents
Location
Gallery