4222 Hickory Hill Rd Memphis, TN 38141

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.