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Restaurant

Popeyes

3795 E Shelby Dr, Memphis, TN 38118

Listing Price: $2,737,515

Cap Rate
5.15%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,909
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.46

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 $140,982 and is scheduled to increase by 1.00% annually throughout the base term and in each of the 6, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.5 Years Remaining
  • One Percent (1%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $2,737,515

Cap Rate
5.15%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,909
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.46

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 $140,982 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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