1246 Lamar Ave | Memphis, TN 38104
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- LoopNet Team
1246 Lamar Ave
Memphis, TN 38104
Dollar Tree · Retail Property For Sale
Investment Highlights
- Corporately Guaranteed lease from Dollar Tree who is an investment grade tenant (BBB)
- Sales Reporting: Healthy Sales History
- Three, 5-year options remaining with 10.00% rental increases in each
- Recent Extension: Dollar Tree just executed a 7 year extension at this location
- NN+ Lease Structure w/ minimal Landlord Responsibilities
- Tax-Free State: Tennessee is an income tax-free state
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.86 AC
Zoning
CMU-3
Parking
24 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
153’ on Lamar Ave
Property Taxes
| Parcel Number | 01-5001-0-0080 | Improvements Assessment | $386,480 |
| Land Assessment | $38,000 | Total Assessment | $424,480 |
Property Taxes
Parcel Number
01-5001-0-0080
Land Assessment
$38,000
Improvements Assessment
$386,480
Total Assessment
$424,480
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