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3515 Ridgemont Ave
Memphis, TN 38128
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term tenancy with more than 18 years of operating history.
- 10% rent increases at each 5-year option; next increase in 3.5 years.
- 3.5 years remaining on current term.
EXECUTIVE SUMMARY
Net lease structure with minimal landlord responsibilities:
Roof, Structure
Family Dollar Corporate Guarantee
Roof, Structure
Family Dollar Corporate Guarantee
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2004
Price
$1,477,215
Price Per SF
$160.92
Cap Rate
6.25%
NOI
$92,326
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
11.33 AC
Zoning
CL - Commercial
Parking
40 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 09-0057-0-0150 | Improvements Assessment | $378,480 |
| Land Assessment | $33,320 | Total Assessment | $411,800 |
PROPERTY TAXES
Parcel Number
09-0057-0-0150
Land Assessment
$33,320
Improvements Assessment
$378,480
Total Assessment
$411,800
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