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6415 E Raines Rd
Memphis, TN 38115
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term tenancy with more than 17 years of operating history.
- 10% rent increases at each 5-year option; next increase in 2.5 years.
- 2.5 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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
C
Year Built
2005
Price
$1,635,216
Price Per SF
$178.13
Cap Rate
6.25%
NOI
$102,201
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.45 AC
Zoning
CMU-1 - Commercial Mixed Use
Parking
30 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
151’ on Raines Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 09-3500-0-0586 | Improvements Assessment | $387,520 |
| Land Assessment | $45,360 | Total Assessment | $432,880 |
PROPERTY TAXES
Parcel Number
09-3500-0-0586
Land Assessment
$45,360
Improvements Assessment
$387,520
Total Assessment
$432,880
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