Dollar Tree-Leased Retail
For Sale
Contact for pricing
1246 Lamar Ave, Memphis, TN 38104
Corporately guaranteed Dollar Tree lease with a recent five-year extension and three five-year options remaining.
Property SizeContact for details
Days on Market123
Property Features for 1246 Lamar Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
19,000 vehicles/day
Road Access
Yes
Listing Agency:
Matthews
Listed By:
Clay Smith · License #TN 361676
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This retail property is leased to Dollar Tree under a corporately guaranteed agreement. The lease was recently extended for five years, and there are three additional five-year options remaining, with 10% rental increases scheduled into the option periods. The store reports store sales.
The property is positioned along Lamar Avenue with traffic counts exceeding 19,000 VPD. It is located less than 0.5 miles from The University Club of Memphis, and within 0.5 miles of Bruce Elementary, Bellevue Middle, and Central High Schools. Other notable nearby tenants include Car Wash USA, Checkers, Valero, AutoZone, and Dollar General.
With its strong retail tenant and active lease extension and option structure, the asset presents an established, single-tenant retail configuration tied to a long-running national operator.
The property is positioned along Lamar Avenue with traffic counts exceeding 19,000 VPD. It is located less than 0.5 miles from The University Club of Memphis, and within 0.5 miles of Bruce Elementary, Bellevue Middle, and Central High Schools. Other notable nearby tenants include Car Wash USA, Checkers, Valero, AutoZone, and Dollar General.
With its strong retail tenant and active lease extension and option structure, the asset presents an established, single-tenant retail configuration tied to a long-running national operator.
Key Highlights
- Dollar Tree lease was recently extended for 5 years with a corporately guaranteed lease.
- Lease includes three additional 5‑year options remaining, with 10% rental increases during the options.
- Dollar Tree tenant has 15,200+ locations across the United States and Canada (per provided remarks).
Property Analytics
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Home Improvements & Furnishings 25%
Valero Energy
Shops & Services
3,790 visits/mo
0.3 miles
Graybar
Home Improvements & Furnishings
1,234 visits/mo
0.4 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corporately guaranteed Dollar Tree lease with a recent five-year extension and three five-year options remaining.
Where is this retail space located?
The property is located at 1246 Lamar Ave Memphis, TN.
What are key features of this property?
This property features: Dollar Tree lease was recently extended for 5 years with a corporately guaranteed lease.; Lease includes three additional 5‑year options remaining, with 10% rental increases during the options.; Dollar Tree tenant has 15,200+ locations across the United States and Canada (per provided remarks).
