Restaurant
Popeyes
3795 E Shelby Dr, Memphis, TN 38118
Listing Price: $2,373,200
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 3795 East Shelby Drive in Memphis, TN. The site consists of roughly 2,909 rentable square feet of building space on estimated 0.84-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $142,392 and is scheduled to increase by 1.00% annually throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $2,373,200
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 17.5 Years Remaining
- One Percent (1%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 3795 East Shelby Drive in Memphis, TN. The site consists of roughly 2,909 rentable square feet of building space on estimated 0.84-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $142,392 and is scheduled to increase by 1.00% annually throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
