1246 Lamar Ave Memphis, TN 38104
Sponsored
High-yield retail investment, strong tenant.
Property size:
8,320 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 1246 Lamar Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 8,320 SF
- Lot Size
- 37,462 SF
Building Details
- Year Built
- 2011
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- 8,320 SF Dollar Tree storefront on a 0.86‑acre lot in Memphis, TN.
- 4+ years remaining on a Net Net lease with three 5‑year renewal options featuring attractive rent increases.
- Investment‑grade credit tenant (Dollar Tree Stores, Inc.) with a BBB/Baa2 rating.
- Strong 2023 sales of $1,964,080, resulting in a 19.67 sales‑to‑rent ratio.
- Excellent visibility and high traffic counts at the intersection of US Hwy 51 and Lamar Ave (US Route 78), near I‑69.
- Strong surrounding demographics: 105,000 people within 3 miles, average household income $80,045.
Property Profile
Location Intelligence
Current Use by Public Records
Bluff City Restoration
Water Damage Restoration Service
Dollar Tree
Dollar Store
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0201414
- Latitude
- 35.1287821
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - High-yield retail investment, strong tenant.
Where is this individual retail property located?
The property is located at 1246 Lamar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 8,320 SF Dollar Tree storefront on a 0.86-acre lot in Memphis, TN.; 4+ years remaining on a Net Net lease with three 5-year renewal options featuring attractive rent increases.; Investment-grade credit tenant (Dollar Tree Stores, Inc.) with a BBB/Baa2 rating.
