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Excellent NNN Family Dollar Investment

287 N Cleveland St, Memphis, TN 38104

Listing Price: $1,400,000

Cap Rate
7.53%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$152.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.49

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.

Investment Highlights

  • Corporate Guarantee
  • NNN Deal with Minimal Responsibility
  • Strong National Tenant with brand new 5-year extension
  • 30k Traffic count for adjacent road + Kroger Grocer nearby
  • Near the 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.

Exclusively Listed By

Financing By

Discount

Excellent NNN Family Dollar Investment

Listing Price: $1,400,000

Cap Rate
7.53%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$152.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.49

Investment Highlights

  • Corporate Guarantee
  • NNN Deal with Minimal Responsibility
  • Strong National Tenant with brand new 5-year extension
  • 30k Traffic count for adjacent road + Kroger Grocer nearby
  • Near the 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.

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.

Exclusively Listed By

Financing By

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