2926-2938 Lamar Ave - Storefront FOR SALE
Memphis, TN 38114 |
2926-2938 Lamar Ave
Memphis, TN 38114
HIGHLIGHTS
- Anchored by a synergistic blend of discount minded tenants, including Dollar Tree, Citi Trends, Shoe Show, Rainbow, and recent addition, Madrag
- Dollar Tree just renewed through 2028, further cementing its commitment to its Lamar Crossing store
- Located within the heart of Memphis, between Memphis International Airport and the downtown area
- The existing tenant roster at Lamar Crossing is occupied by roughly 83.4% national retail tenants, creating coveted stability for an incoming buyer
- Well-situated with excellent frontage along Lamar Ave (US-78), accommodating 37,228 VPD, connecting I-240, the airport and greater southeast Memphisp
- Solid trade area demographics, highlighted by excellent density, include 217,854 people within a 5-mile radius, with an Avg. HH Income of $76,443
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Lamar Crossing - Call For Offers 4/28
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
64800
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
295
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
05-9016-A0-0002
