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Family Dollar NNN Property
For Sale
Contact for pricing
Pending

287 N Cleveland St, Memphis, TN 38104

Family Dollar occupies the site under a recently extended NNN lease.

Property SizeContact for details
Days on Market141

Property Features for 287 N Cleveland St

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Marcus & Millichap - Memphis
Listed By: William Davis · License #MS B-15586
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 4:09PM

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 Marcus & Millichap - Memphis

Investment Insights

Based on property information with market context.

This NNN retail property is occupied by Family Dollar at 287 N Cleveland St in Memphis, Tennessee. The lease recently received a 5-year extension, providing a defined continuation of the existing tenancy.

The site benefits from proximity to Poplar Ave, which records traffic of more than 30,000 vehicles per day. A nearby Kroger contributes an additional established retail presence in the surrounding area.

Key Highlights

  • Family Dollar tenancy under an NNN lease
  • 5‑year lease extension recently completed
  • 287 N Cleveland St, Memphis, TN 38104

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick HVAC Service Electrical Service Home Appliance Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

984
Businesses Nearby
106k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 36% Shops & Services 35% Dining 25% Apparel 2%
Kroger Groceries
38,001 visits/mo 0.2 miles
McDonald's Dining
18,930 visits/mo 0.3 miles
Burger King Dining
7,309 visits/mo 0.2 miles
Family Dollar Shops & Services
6,055 visits/mo 0.1 miles
BP Shops & Services
5,682 visits/mo 0.2 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

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Family Dollar occupies the site under a recently extended NNN lease.
Where is this nnn property located?
The property is located at 287 N Cleveland St Memphis, TN.
What are key features of this property?
This property features: Family Dollar tenancy under an NNN lease; 5‑year lease extension recently completed; 287 N Cleveland St, Memphis, TN 38104
More about this property
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