Property profile

5930 Summer Ave Memphis, TN 38134

OFF-MARKET
Retail space
Property ID
US80-0817256
9,700 SF 1.6 ac lot Built 2019
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Total area 9,700 SF
Lot 1.6 ac (69,696 SF)
Zoning code CMU-3
APN 088-046- - -00076
UPID US80-0817256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Discount Store

Location

5930 Summer Ave Memphis, TN 38134-6720
Memphis metro Census 20610 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$350k

Owner & transaction history

since 2025
Last sale
$1.3M
1 recorded transaction
2025
$1.3M

Zoning & alternative use

CMU-3 · Memphis, TN
Zoning description

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…

General category MIXED_USE
Top alternative use upside
Medical building $1.4M +72.4%
Auto repair, garage $940,000 +16.8%
Office building $865,000 +7.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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