4222 Hickory Hl Rd Memphis, TN 38141-6814
Property profile & analytics
4222 Hickory Hl Rd Memphis, TN 38141-6814
- Retail space
- 10,934 SF
- 1.53 lot acres
Property ID
US80-0664945
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 4222 Hickory Hl Rd
- Year built
- 2023
- Lot size
- 1.53 lot acres
- Property size
- 10,934 SF
- Zone code
- RU-3
- Property type
- Retail space
- APN
- 093-406- -E-00010
- APU
- 093406E00010
Description
This exceptional investment opportunity presents a fee-simple ownership interest in a brand-new, 10,640-square-foot Dollar General store located at 4222 Hickory Hill Rd, Memphis, TN 38141. Built in 2023, this Class A property boasts a 100% occupancy rate with a 14.2-year remaining lease term (expiring January 31, 2039), featuring three 5-year renewal options with 10% rent bumps each period. The Absolute NNN lease provides a truly passive investment with zero landlord obligations, secured by a corporate guarantee from Dollar General (NYSE: DG). The property sits on a 1.63-acre lot with 36 parking spaces and benefits from a high-traffic location on Hickory Hill Road, seeing over 30,700 vehicles per day, and proximity to major roadways and the Hickory Ridge Mall. The strong demographics of the area include a population of over 186,000 within a 5-mile radius, an average household income exceeding $95,000, and a dense residential area with over 71,000 households. The property's current NOI is $111,500, resulting in a 6.60% cap rate. The permitted zoning is CMU-1. This investment offers a compelling combination of strong tenant, location, and financial performance, making it an attractive addition to any portfolio. The property is situated in Shelby County, Tennessee, a state with no income tax, further enhancing its investment appeal. This is a single-tenant building in a high-growth area, close to major transportation routes and a significant industrial sector. The property's strategic location within the Memphis metropolitan area, the second-largest city in Tennessee, provides exceptional long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,255,000
- ML approach
- $1,315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,820,000
- 6.5%
- $1,680,000
- 7%
- $1,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,554,000
- AI Estimate
- $1,433,000
Market price range: $404k - $1.55MMarket price range: $384k - $1.43M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,565,000
- OFFICE BUILDING
- $1,305,000
- AUTO REPAIR, GARAGE
- $1,060,000
- APARTMENT HOUSE (5+ UNITS)
- $975,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.866
- Latitude
- 35.033
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,264
$54,120
$475,520
$529,640
-
$135,300
$1,188,800
$1,324,100
