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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
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
- 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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