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3297 Summer Ave, Memphis, TN, 38122

DOLLAR GENERAL
Closed

Key Information

Tot. SF
7,545
Year Built
2018
Term Remaining
±8 YRS
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

LEASE & LOCATION:

  • 2018 build-to-suit construction for Dollar General
  • Absolute NNN Lease – Zero landlord responsibilities
  • Five mile population in excess of 236,989 residents
  • Corporately guaranteed lease from Dollar General Corporation
  • Tennessee is an income-tax-free state
  • Average household income of $67,679 which is considered to be the income “sweet spot” for Dollar General
  • Nearby national tenants include Autozone, O’Reilly, Kroger, McDonald’s, Pizza Hut, and many more

TENANT:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • Dollar General has a Market Cap of over 25 Billion

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203