HIGHLIGHTS
- 100%-Occupied, Newly Renovated Dollar General-Anchored Retail Center; Priced Significantly Below Replacement Cost ($133 PSF)
- Major 2025 Renovation Including New Parking Lot, Facade, Signage, Painting, and Several HVAC Units
- Dollar General Makes Up 32% of the Occupied Square Footage
- Dollar General Has Been Operating at the Center Since 2009 and Recently Completed an Interior Renovation
- Average Rents of $10.41 PSF While Comparable Spaces Are 40% Higher
- Consistently 100% Occupied Since COVID, and Any Vacant Spaces Are Re-Leased Immediately Due to the Low Rents and Recent Renovations
FOR SALE DETAILS
PRICE
$5,405,000 USD
PRICE/SF
$133 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
French Village Square | Memphis, TN
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
248
LAND DETAILS
CROSS STREETS
Graham Ave
LAND ACRES
3.36 AC
LAND SF
146,362 SF
ZONING
CMU-3
APN/PARCEL ID
05-5001-0-0085,05-5001-0-0085L
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844-585-7682
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844-585-7682
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