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Dollar General 2245 Lamar Ave 9,014 SF Retail Building Memphis, TN 38114 $800,000 ($88.75/SF)
Executive Summary
Investing in Dollar General real estate offers dependable returns with room for growth. Roughly 70% of their stores operate successfully in smaller communities with fewer than 20,000 residents, where competition from big-box retailers is minimal.
Most Dollar General leases are structured as absolute triple-net (NNN) agreements spanning 15 years, providing investors with predictable, low-maintenance income. In comparison, Dollar Tree and Family Dollar locations typically feature double-net (NN) leases with 10-year terms.
Dollar General operates more than 19,000 stores across the United States and continues to expand with additional ground-up developments. The company’s ongoing investments in new Distribution Centers and its growing “DG Market” format reflect a strategic push toward greater operational efficiency and broader product offerings.
Corporate Strength & Stability
As a publicly traded Fortune 500 company, Dollar General (NYSE: DG) has a long-standing track record of strong financial performance. The brand is considered highly resilient—even in economic downturns—due to its value-oriented model, often described as the small-town equivalent of a Walmart.
Demonstrated Sales Growth
The company continues to show healthy retail performance, reporting same-store sales increases of over 4% year-over-year along with a more than 10% rise in net sales. These metrics underscore Dollar General’s ongoing commitment to opening and operating successful locations.
Long-Term Profitability Outlook
With its expanding distribution network, reduced logistics costs, and increased average basket size per customer, Dollar General is well-positioned for sustained profitability and operational efficiency throughout its national footprint.
2245 Lamar Ave, Memphis, TN 38114 is a 10,100 SF
freestanding retail property built in 2011, formerly occupied by
Dollar General/Family Dollar. The property sits on a .92-acre lot
with ample parking and a flexible open floor plan, rear storage,
and delivery access. It is currently vacant, presenting a valueadd opportunity for investors or owner-users. Traffic counts are
strong, with 28,619 vehicles per day (VPD) on Lamar Avenue
and additional exposure from nearby Airways Blvd (+25K VPD).
The property is located in the Orange Mound neighborhood, within
Memphis’s Downtown/Midtown submarket. Lamar Avenue is a
major commercial corridor with high visibility and strong traffic flow.
The area is surrounded by national retailers and quick-service
restaurants including McDonald’s, Walgreens, Burger King,
Popeyes, KFC, and Cricket Wireless, ensuring steady consumer
activity. Its proximity to Airways Blvd enhances accessibility and
exposure. The site benefits from being in a dense urban trade area
with both residential and commercial demand, making it wellpositioned for retail or service tenants
The property is being marketed at a substantial discount making
it attractive for repositioning into retail, discount, convenience, or
service-oriented tenants
Also available for lease at $6k monthly
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail For Lease | Former Dollar General / Family Dollar | ±9,000 SF 2245 Lamar Ave | Memphis, TN Lease Rate: (Approx. $8.00 PSF) Property Overview Freestanding ±9,000 SF retail building available for lease in a high-traffic Memphis retail corridor. This second-generation dollar store box offers a highly functional layout with open retail floor plan, rear storage, and dedicated delivery access, making it ideal for retail, discount, service, or community-oriented users. The property sits on approximately 0.92 acres and includes ample on-site parking, strong signage visibility, and easy customer access from Lamar Avenue. Location & Traffic Exposure Located along Lamar Avenue, one of Memphis’ primary commercial corridors, the site benefits from strong daily traffic counts and dense surrounding population. • Lamar Ave: ±28,619 Vehicles Per Day • Nearby Airways Blvd: ±25,000+ Vehicles Per Day • Dense urban trade area with residential + workforce demand • Downtown / Midtown Memphis submarket access Surrounding Retail & Demand Drivers The immediate trade area includes strong national retail and QSR co-tenancy, supporting consistent consumer traffic. Nearby retailers include: McDonald’s Walgreens Burger King Popeyes KFC Cricket Wireless The location serves the Orange Mound community and surrounding urban neighborhoods, creating strong demand for convenience retail, services, and value-focused concepts. Building Features • ±10,100 SF Freestanding Retail Building • Built 2011 – Modern Construction • Former Dollar General / Family Dollar Layout • Open Sales Floor Configuration • Rear Storage + Delivery Access • Large Lot (±0.92 Acres) • Ample Parking Field • High Visibility Signage Opportunity Ideal Tenant Uses This property is well suited for: • Discount / Value Retail • Grocery / Specialty Food • Convenience or Dollar Concepts • Medical / Urgent Care • Fitness / Wellness • Education / Training • Community Services • Showroom or Service Retail Market Positioning Former dollar store locations historically perform well for value, convenience, and necessity-based retail. These buildings are designed for high-volume customer flow, efficient stocking, and easy conversion to similar retail or service uses. The surrounding trade area supports strong daily consumer activity driven by residential density, commuter traffic, and workforce population. Lease Opportunity Ownership is seeking qualified tenants for immediate occupancy. The property offers strong value positioning for tenants looking to enter a high-traffic retail corridor at a competitive lease rate. NN or NNN lease structures considered.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,014 SF | Retail | - | Now |
1st Floor
| Size |
| 9,014 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 9,014 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Retail For Lease | Former Dollar General / Family Dollar | ±9,000 SF 2245 Lamar Ave | Memphis, TN Lease Rate: (Approx. $8.00 PSF) Property Overview Freestanding ±9,000 SF retail building available for lease in a high-traffic Memphis retail corridor. This second-generation dollar store box offers a highly functional layout with open retail floor plan, rear storage, and dedicated delivery access, making it ideal for retail, discount, service, or community-oriented users. The property sits on approximately 0.92 acres and includes ample on-site parking, strong signage visibility, and easy customer access from Lamar Avenue. Location & Traffic Exposure Located along Lamar Avenue, one of Memphis’ primary commercial corridors, the site benefits from strong daily traffic counts and dense surrounding population. • Lamar Ave: ±28,619 Vehicles Per Day • Nearby Airways Blvd: ±25,000+ Vehicles Per Day • Dense urban trade area with residential + workforce demand • Downtown / Midtown Memphis submarket access Surrounding Retail & Demand Drivers The immediate trade area includes strong national retail and QSR co-tenancy, supporting consistent consumer traffic. Nearby retailers include: McDonald’s Walgreens Burger King Popeyes KFC Cricket Wireless The location serves the Orange Mound community and surrounding urban neighborhoods, creating strong demand for convenience retail, services, and value-focused concepts. Building Features • ±10,100 SF Freestanding Retail Building • Built 2011 – Modern Construction • Former Dollar General / Family Dollar Layout • Open Sales Floor Configuration • Rear Storage + Delivery Access • Large Lot (±0.92 Acres) • Ample Parking Field • High Visibility Signage Opportunity Ideal Tenant Uses This property is well suited for: • Discount / Value Retail • Grocery / Specialty Food • Convenience or Dollar Concepts • Medical / Urgent Care • Fitness / Wellness • Education / Training • Community Services • Showroom or Service Retail Market Positioning Former dollar store locations historically perform well for value, convenience, and necessity-based retail. These buildings are designed for high-volume customer flow, efficient stocking, and easy conversion to similar retail or service uses. The surrounding trade area supports strong daily consumer activity driven by residential density, commuter traffic, and workforce population. Lease Opportunity Ownership is seeking qualified tenants for immediate occupancy. The property offers strong value positioning for tenants looking to enter a high-traffic retail corridor at a competitive lease rate. NN or NNN lease structures considered.
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-7020-0-0004C | Improvements Assessment | $519,480 |
| Land Assessment | $48,640 | Total Assessment | $568,120 |
Property Taxes
Presented by
Dollar General | 2245 Lamar Ave
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