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4069-4111 Summer Ave
Memphis, TN 38122
French Village Square | Memphis, TN · Retail Property For Sale
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
Property Facts
Property Type
Building Size
40,614 SF
Building Class
B
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
3.39 AC
Zoning
CMU-3 - Commercial Services Zoning
Parking
248 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
1’ on Summer Ave
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 05-5001-0-0085 | Improvements Assessment | $1,345,240 |
| Land Assessment | $294,520 | Total Assessment | $1,639,760 |
Property Taxes
Parcel Number
05-5001-0-0085
Land Assessment
$294,520
Improvements Assessment
$1,345,240
Total Assessment
$1,639,760
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