Family Dollar NNN
For Sale
Contact for pricing
Pending
3515 Ridgemont Ave, Memphis, TN 38128
Corporate-guaranteed retail tenancy with a net lease structure and limited landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 3515 Ridgemont Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Palomar Real Estate Group
Listed By:
David Rivers · License #GA 311935
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:58AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
This NNN retail property is occupied by Family Dollar under a corporate guarantee. The lease structure assigns limited landlord responsibilities, with roof and structure identified among the covered obligations. The tenancy has operated at the property for more than 18 years, providing an established operating history.
The current lease term has 3.5 years remaining. Each 5-year option includes a 10% rent increase, with the next scheduled increase in 3.5 years. The property is located at 3515 Ridgemont Ave in Memphis, Tennessee, and is associated with an essential retail operator serving a national store network.
The current lease term has 3.5 years remaining. Each 5-year option includes a 10% rent increase, with the next scheduled increase in 3.5 years. The property is located at 3515 Ridgemont Ave in Memphis, Tennessee, and is associated with an essential retail operator serving a national store network.
Key Highlights
- Family Dollar corporate guarantee
- NNN lease structure with limited landlord responsibilities
- More than 18 years of operating history
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed retail tenancy with a net lease structure and limited landlord responsibilities.
Where is this nnn property located?
The property is located at 3515 Ridgemont Ave Memphis, TN.
What are key features of this property?
This property features: Family Dollar corporate guarantee; NNN lease structure with limited landlord responsibilities; More than 18 years of operating history
