Family Dollar NN Lease Memphis Tennessee

Sands Investment Group is Pleased to Present Exclusively For Sale the 8,400 SF Family Dollar NN Lease Located at 1688 Jackson Avenue in Memphis, TN. This Deal Includes ~6 Years Remaining on the Lease Term With Five (5) By 5-Year Option Periods, Providing For a Unique Investment.

• ~6 Years Remaining on the Lease Term With Five (5) By 5-Year Option Periods
• 15% Increase at First Option With Rent Escalation to $157,663
• The Subject Property Ranks Within the Top Third Most Visited Family Dollar Locations in the U.S. and Top Quarter in Tennessee (Placer.ai)
• Excellent Location on the Hard Corner of a Signalized Intersection With 24,000+ VPD
• Strong Demographics: 5-Mile Population With 224,403 Residents and 116,001 Daytime Employees
• Ideal Average Household Income of $61,143 Within 3-Miles Positions Long-Term Success For Family Dollar
• The Subject Property is Located Near Rhodes College (1,996 Students) and KIPP Memphis Collegiate High School (435 Students)
• Corporately Guaranteed By Investment Grade Tenant Dollar Tree Inc. With S&P Credit Rating of BBB
• Tennessee is an Income-Tax-Free State

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities