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French Village Square | Memphis, TN 4069-4111 Summer Ave 40,614 SF 100% Leased Retail Building Memphis, TN 38122 $5,405,000 ($133.08/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100%-Occupied, Newly Renovated Dollar General-Anchored Retail Center; Priced Significantly Below Replacement Cost ($133 PSF)
- Dollar General Makes Up 32% of the Occupied Square Footage
- Average Rents of $10.41 PSF While Comparable Spaces Are 40% Higher
- Major 2025 Renovation Including New Parking Lot, Facade, Signage, Painting, and Several HVAC Units
- Dollar General Has Been Operating at the Center Since 2009 and Recently Completed an Interior Renovation
- Consistently 100% Occupied Since COVID, and Any Vacant Spaces Are Re-Leased Immediately Due to the Low Rents and Recent Renovations
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
All Star is an independent, employee-owned marketing and technology company focused on helping individuals advance their careers and improve their lives through education.
- Beauty Spa
- Retailer
- -
- -
- Triple Net
- -
- Central Loan & Finance Co
- Finance and Insurance
- -
- -
- -
- -
-
- Retailer
- -
- -
- Triple Net
- Oct 2024
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
- El Corral
- Retailer
- -
- $10.00
- Modified Gross
- Apr 2028
- Glamour Studio Salon De Belleza
- Services
- -
- -
- -
- Dec 2020
- La Michoacana Ice Cream & Paletas
- Retailer
- -
- -
- -
- Jun 2021
- New Hope Outreach
- Health Care and Social Assistance
- -
- -
- -
- -
- Sleep Cheap
- Retailer
- -
- $4.50
- Triple Net
- Jun 2016
- Tobacco Superstore
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
| Beauty Spa | Retailer | - | - | Triple Net | - | |
| Central Loan & Finance Co | Finance and Insurance | - | - | - | - | |
|
|
Retailer | - | - | Triple Net | Oct 2024 | |
| El Corral | Retailer | - | $10.00 | Modified Gross | Apr 2028 | |
| Glamour Studio Salon De Belleza | Services | - | - | - | Dec 2020 | |
| La Michoacana Ice Cream & Paletas | Retailer | - | - | - | Jun 2021 | |
| New Hope Outreach | Health Care and Social Assistance | - | - | - | - | |
| Sleep Cheap | Retailer | - | $4.50 | Triple Net | Jun 2016 | |
| Tobacco Superstore | Retailer | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
3 Private offices, large open area and 2 restrooms.
| Space | Size | Space Use | Position | Available |
| 4093 | 1,800 SF | Retail | - | Now |
4093
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4093
| Size | 1,800 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
3 Private offices, large open area and 2 restrooms.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,345,240 | |
| Land Assessment | $434,520 | Total Assessment | $1,779,760 |
PROPERTY TAXES
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French Village Square | Memphis, TN | 4069-4111 Summer Ave
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