5930 Summer AveMemphis, TN 38134

Property Details for 5930 Summer Ave

Year built

2019

Lot size

1.60 AC

Property size (Sq ft)

9,700 SF

Zone code

CMU-3

Property type

Retail space

APN

088-046- - -00076

APU

8804600076

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,054,496

  6.5%

  $1,896,458

  7%

  $1,760,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,905,654

  Geo Method

  $1,905,654

• Alternative Use

  Use

  Valuation

  Residential

  $1,599,733

  Hospitality

  $1,465,347

  Educational

  $1,219,151

  Medical

  $1,261,080

  Retail

  $1,896,458

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1748

Longitude

-89.8664

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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