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4069-4111 Summer Ave
Memphis, TN 38122 Berclair

$5,405,000 USD

General Retail For Sale  •  40,614 SF

Property Details

• Property Type General Retail
• Total Building Size 40,614 SF
• Lot Size 3.36 AC
• Building Class B
• Year Built 1972
• Cap Rate 7.50 %
• Tenancy Multiple
• Zoning CMU-3

22 Transit Score

70 Walk Score

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

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
All Star
Beauty Spa
Central Loan & Finance Co
Dollar General		10/31/2024
El Corral		4/1/2028
Glamour Studio Salon De Belleza		12/31/2020
La Michoacana Ice Cream & Paletas		6/30/2021
New Hope Outreach
Sleep Cheap		6/30/2016
Tobacco Superstore

Amenities

• Bus Line
• Pylon Sign
• Restaurant
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	17 min	-	9.4 mi
Airport	Drive	Walk	Distance
Memphis International	19 min	-	11.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	248
Type:	Surface
Included in Rent:	Yes