Property summary
This exceptional investment opportunity presents a freestanding Dollar General store ideally situated at 5930 Summer Ave, Memphis, Tennessee, 38134. Built in 2019, this single-story building encompasses 7,489 square feet on a 1.6-acre lot. The property benefits from a strong urban location within Shelby County, surrounded by established national retailers and restaurants, ensuring consistent customer traffic. Its strategic proximity to the I-40 interchange (approximately 0.7 miles) provides excellent accessibility. The high-traffic area boasts impressive daily traffic counts: 24,781 vehicles pass the store daily, while the intersection sees approximately 33,006 vehicles, and I-40 registers approximately 144,813 vehicles daily. This net lease investment offers a compelling return with an asking price of $1,485,985, translating to $198.42 per square foot. The property's robust location and established tenant make it an attractive addition to any portfolio. This is a rare opportunity to acquire a well-performing, high-traffic grocery store in a prime Memphis location. The property's strong performance metrics and strategic location make it a highly desirable investment.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Credit Union
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Discount Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3. Commercial Mixed Use - 3 (CMU-3) 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 w…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Memphis, TN3. Commercial Mixed Use - 3 (CMU-3) 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 w…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Commercial Mixed Use - 3 (CMU-3) 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 w…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-3 in Memphis, TN.
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