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32224027
32224026

2920 LAMAR AVE, MEMPHIS, TN 38114 For Sale

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,177,000
83 days on market
Updated 79 days ago

Family Dollar | Low Rent | 10% Cap

Details
APN 05-9016-A0-0005
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug (+1)
Square Footage 9,180
Units 1
Cap Rate 10%
NOI $117,667
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Rent Bumps Yes
Lease Options 6, 5-Year Options
Price per SqFt $128
Year Built 2012
Stories 1
Acreage 0.920
Investment Type Net Lease
Ground Lease No
Sale Condition 1031 exchange

10% Cap | Low Rent | 30,000 VPD

Marketing description

FAMILY DOLLAR

• FAMILY DOLLAR RECENTLY PURCHASED FOR $1 BILLION

• 8,000+ FAMILY DOLLAR LOCATIONS

• NATIONAL BRAND COMPANY

• $13 BILLION IN REVENUE IN 2025

Investment highlights

• STRONG 10% CAP RATE | JUST $1,177,000

• LOCATED AT SIGNALIZED ENTRANCE TO SHOPPING CENTER

• STRONG PERFORMING STORE PER PLACER.AI | TOP 20% IN THE COUNTRY

• OUTPARCEL TO SHOPPING CENTER WITH NATIONAL TENANTS

• FRONTAGE TO 30,000+ VEHICLES PER DAY

• DENSE POPULATION OF 200,000+ IN 5-MILE RADIUS

• LOW BASE RENT OF JUST $12.82 PER SQUARE FOOT

• JUST MINUTES FROM FEDEX WORLD HUB AND MEMPHIS INTERNATIONAL AIRPORT

Listing Contacts

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,667.00
$9,805.58/mo

Valuation Metrics

0
DSCR
10%
Cap Rate
10%
ROI

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Additional Information

Name
Joseph "Jody" McKibben
License
TN 307629
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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