Investment Overview

Marcus and Millichap is proud to present this Memphis Tennessee family dollar asset located at 287 N Cleveland. This is a great NNN deal for an investor who wants to place their money in a solid return yielding asset with one of the industry's best known national discount store tenants. Memphis is a very solid market for discount store investments due to its low-income environment. There has been some recent development of the sears crosstown concourse which hosts a wide variety of social gatherings and events that draw a much younger vibrant crowd to the area. This particular Family Dollar location just received a 5-year extension on the lease which further shows family dollars' commitment to the site. Traffic counts for Poplar Ave which is adjacent to the property boasts a 30,000+ VPD count, that with having a Kroger nearby draws plenty of traffic to this location.