DEALS

Deals

Family Dollar – Memphis, TN (Ridgemont Ave)

THE OPPORTUNITY

  • Net lease structure with minimal landlord responsibilities:
  • Roof, Structure
  • Family Dollar Corporate Guarantee
  • Long-term tenancy with more than 18 years of operating history
  • 3.5 years remaining on current term
  • 10% rent increases at each 5-year option; next increase in 3.5 years
  • Recession-resistant national brand and operator with over 8,000 stores nationwide
  • Essential Retailer

THE HIGHLIGHTS

  • Excellent visibility at the intersection Ridgemont Ave and New Allen Rd, two four-lane divided highways with 13,000 VPD
  • Hard Corner with access points from both highways
  • 2004 Construction
  • Convenient location for several surrounding neighborhoods
  • 2022 Population
  • 3 Mile – 48,000
  • 5 Mile – 115,000

THE DEAL POINTS

  • Cap Rate: 6.00%
  • Price: $1,538,766
  • Year Built: 2004
  • NOI: $92,326
  • Occupancy: 100%
  • Square Footage: 9,180 SF

Click Here to View Virtual Deal Room