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    Family Dollar NNN Investment Opportunity Title is generated by Realmo AI

    4194 Hickory Hill Rd, Memphis, TN 38141

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    NNN leased Family Dollar store for sale in Memphis.

    Type:Retail
    Property size:
    9,373 SF
    Price / SF:
    $149/SF
    Added:
    Jan 28, 2026
    Days on Market:
    150
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 4194 Hickory Hill Rd

    General Information

    Standard status
    Active
    Size
    9,373 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2015

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    Cade Norland

    Listing office Matthews

    Listing date Jan 28, 2026

    Source Crexi

    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

    HighLights

    • Corporate Family Dollar tenant
    • Absolute NNN Lease provides a hands‑off investment
    • Built in 2015

    Overview

    This commercial property is a NNN leased Family Dollar store. The property is 9373 square feet.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $157.5k $16.80
    − Vacancy −$7.1k −$0.76
    EGI $150.4k $16.04
    − OpEx −$37.6k −$4.01
    NOI $112.8k $12.03
    9,373 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,785 @ 7.0% cap · market cap 8.06%
    Second Best
    Retail
    $1.34M
    $1.17M – $1.56M (±1% cap)
    NOI $93,496 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $2.77M
    $2.42M – $3.23M (±1% cap)
    NOI $193,909 @ 7.0% cap · market cap 13.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8658993
    Latitude
    35.0340678

    FAQs

    What type of property is this?
    NNN property - NNN leased Family Dollar store for sale in Memphis.
    Where is this nnn property located?
    The property is located at 4194 Hickory Hill Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,399,694.
    What are key features of this property?
    This property features: Corporate Family Dollar tenant; Absolute NNN Lease provides a hands‑off investment; Built in 2015
    More about this property
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