2245 Lamar Ave, Memphis, TN 38114

Investing in Dollar General real estate offers dependable returns with room for growth. Roughly 70% of their stores operate successfully in smaller communities with fewer than 20,000 residents, where competition from big-box retailers is minimal.

Most Dollar General leases are structured as absolute triple-net (NNN) agreements spanning 15 years, providing investors with predictable, low-maintenance income. In comparison, Dollar Tree and Family Dollar locations typically feature double-net (NN) leases with 10-year terms.

Dollar General operates more than 19,000 stores across the United States and continues to expand with additional ground-up developments. The company’s ongoing investments in new Distribution Centers and its growing “DG Market” format reflect a strategic push toward greater operational efficiency and broader product offerings.

Corporate Strength & Stability

As a publicly traded Fortune 500 company, Dollar General (NYSE: DG) has a long-standing track record of strong financial performance. The brand is considered highly resilient—even in economic downturns—due to its value-oriented model, often described as the small-town equivalent of a Walmart.

Demonstrated Sales Growth

The company continues to show healthy retail performance, reporting same-store sales increases of over 4% year-over-year along with a more than 10% rise in net sales. These metrics underscore Dollar General’s ongoing commitment to opening and operating successful locations.

Long-Term Profitability Outlook

With its expanding distribution network, reduced logistics costs, and increased average basket size per customer, Dollar General is well-positioned for sustained profitability and operational efficiency throughout its national footprint.

2245 Lamar Ave, Memphis, TN 38114 is a ~9500 SF freestanding retail property built in 2011, formerly occupied by Dollar General/Family Dollar. The property sits on a .92-acre lot with ample parking and a flexible open floor plan, rear storage, and delivery access. It is currently vacant, presenting a value-add opportunity for investors or owner-users. Traffic counts are strong, with 28,619 vehicles per day (VPD) on Lamar Avenue and additional exposure from nearby Airways Blvd (+25K VPD).

The property is located in the Orange Mound neighborhood, within Memphis's Downtown/Midtown submarket. Lamar Avenue is a major commercial corridor with high visibility and strong traffic flow. The area is surrounded by national retailers and quick-service restaurants including McDonald's, Walgreens, Burger King, Popeyes, KFC, and Cricket Wireless, ensuring steady consumer activity. Its proximity to Airways Blvd enhances accessibility and exposure. The site benefits from being in a dense urban trade area with both residential and commercial demand, making it well-positioned for retail or service tenants

The property is being marketed at a substantial discount making it attractive for repositioning into retail, discount, convenience, or service-oriented tenants.