Memphis Commons – 2748 – 2760 Lamar Avenue, Memphis, TN 38114

This 35, 370 square feet shopping center, sitting on3.54 acres abounds with upside potential. With Family Dollar as the anchor tenant, investors can take advantage of the opportunity to fill in vacancies with new tenants, including 3 retail suites and one free-standing 2ndgeneration restaurant with potential to convert it to a Quick-Service Restaurant with a Drive-Thru.

Strategically located on Lamar Avenue (South of Memphis) garnering on average 35,000 vehicles per day, this Memphis Commons Shopping Center is ideal for investors seeking to capitalize on a high traffic area with easy access to major area attractions: 10 +/- minutes from Memphis International Airport, 7 +/- minutes from University of Memphis, and 5 +/- minutes from Memphis Depot Industrial Park.

Investment Highlights

• Net Operating Income $39,500
• Family Dollar has 2 Renewal Options remaining for 5 years each on pre-negotiated rent.
• Distress center with a 60% vacancy rate, great opportunity to rehab and attract new tenants.
• Former Top BBQ freestanding (outparcel) ideal for a QSR.