Axis Realty Advisors Facilitates $1.3 Million Acquisition Of Family Dollar In Memphis Tennessee

The property asset involved in this transaction is a 9,373-square-foot single-tenant Family Dollar property located at 4194 Hickory Hill Road, Memphis, Tennessee. The sale price for this acquisition was $1,300,000, and the property is situated on 1.18 acres. It operates under an absolute triple-net lease with a term extending through February 2031, offering four five-year renewal options to the tenant.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,300,000
• Square Footage: 9,373
• Address: 4194 Hickory Hill Road
• Market: Memphis, TN
• Acres: 1.18
• PPSF: $139
• Broker: Adam P. Von Romer - Axis Realty Advisors

The transaction was facilitated by Axis Realty Advisors, which completed the acquisition on behalf of an investor looking for a passive net-leased retail asset. This deal illustrates the ongoing demand for stable, income-producing retail investments in the market.