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Property summary
This fee-simple, 8,320 square foot Dollar Tree storefront in Memphis, TN, presents a compelling investment opportunity. The property, built in 2011, sits on a 0.86-acre lot and boasts a 7.21% cap rate with a Net Net lease in place. The current lease, commencing February 1, 2011, and expiring January 31, 2029, offers a remaining term of 4.2 years, followed by three 5-year renewal options with attractive rent increases. The tenant, Dollar Tree Stores, Inc., holds an investment-grade credit… rating (BBB/Baa2) and guarantees the lease. The property enjoys exceptional visibility and high traffic counts, situated near the intersection of US Highway 51 and Lamar Avenue (US Route 78), and seconds from Interstate 69. Its strategic location benefits from proximity to major retailers, schools, universities, and a densely populated residential area, including a strong customer base within a 3-mile radius (approx. 105,000 people with an average household income of $80,045). The property's 2023 reported sales were $1,964,080, resulting in a 19.67 sales-to-rent ratio. The asking price is $1,385,000, generating a net operating income (NOI) of $99,840. This property offers a stable, high-yield investment with significant growth potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,320 SF
- Lot area
- 0.86 ac
- Year built
- 2011
- Stories
- 1
- APN
- 015-001- - -00080
- Zoning
- CMU-3
- Assessed value · 2023
- $306,920
- Annual tax · 2022
- $18,696
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $18,696
- Selected cap rate
- Medical Building
- Retail Stores · current use
- Office Building
- Auto Repair, Garage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Memphis market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Resid…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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