For Sale
$1,485,985

5930 Summer Ave Memphis, TN 38134

High-traffic grocery store, net lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • $1,485,985 asking price for this Net Lease Dollar General grocery store.
  • 7,489 square foot building on a 1.6-acre lot.
  • $198.42 price per square foot.
  • Built in 2019, single-story building.
  • Located at 5930 Summer Ave, Memphis, TN 38134, near I-40.

Property Details for 5930 Summer Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,489 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1749222
Longitude
-89.8664181

FAQs

What type of property is this?
Retail property - High-traffic grocery store, net lease.
Where is the retail property located?
The property is located at 5930 Summer Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,485,985.
What are key features of this property?
This property features: $1,485,985 asking price for this Net Lease Dollar General grocery store.; 7,489 square foot building on a 1.6-acre lot.; $198.42 price per square foot.
How can I contact the broker?
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5930 Summer Ave
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