Restaurant
Burger King | Corporate Guarantee
10013 US-64, Memphis, TN 38016
Listing Price: $2,112,280
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 2,930-square-foot building on a 1.05-acre lot leased to Burger King in Memphis, Tennessee. The Memphis metro contains over 1.4 million residents and roughly 920,000 live in Shelby County. The subject property is in front of the recently constructed Charleston Apartments, a 284-unit multifamily development.
The tenant Burger King has approximately 14 years remaining on a triple-net lease with four five-year renewal options remaining with 7.5 percent rent increases every five years.. The Burger King was previously operated by Carrols Restaurant Group, a 1,000-unit operator that was acquired in May of 2024 by Burger King's parent company Restaurant Brands International (NYSE: RBI) which owns more than 3,000 units.
Burger King | Corporate Guarantee
Investment Highlights
- Corporate Guaranteed Triple-Net Lease | Zero Landlord Responsibilities
- Excellent Access and Visibility from US-64 with over 30,000 VPD
- Dense Retail Corridor including, ALDI, Walgreens, McDonald's, Wendy's, CVS, Regions Bank, Firestone, Krystal, Sherwin-Williams, AutoZone and Many More
- Three-Mile and Five-Mile Population of 70,000 and 148,000, Respectively
- Five-Mile Average Household Income of $94,436
- Income Tax-Free State
Exclusively Listed By
Broker of Record
Listing Price: $2,112,280
Investment Highlights
- Corporate Guaranteed Triple-Net Lease | Zero Landlord Responsibilities
- Excellent Access and Visibility from US-64 with over 30,000 VPD
- Dense Retail Corridor including, ALDI, Walgreens, McDonald's, Wendy's, CVS, Regions Bank, Firestone, Krystal, Sherwin-Williams, AutoZone and Many More
- Three-Mile and Five-Mile Population of 70,000 and 148,000, Respectively
- Five-Mile Average Household Income of $94,436
- Income Tax-Free State
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 2,930-square-foot building on a 1.05-acre lot leased to Burger King in Memphis, Tennessee. The Memphis metro contains over 1.4 million residents and roughly 920,000 live in Shelby County. The subject property is in front of the recently constructed Charleston Apartments, a 284-unit multifamily development. The tenant Burger King has approximately 14 years remaining on a triple-net lease with four five-year renewal options remaining with 7.5 percent rent increases every five years.. The Burger King was previously operated by Carrols Restaurant Group, a 1,000-unit operator that was acquired in May of 2024 by Burger King's parent company Restaurant Brands International (NYSE: RBI) which owns more than 3,000 units.
Exclusively Listed By
Broker of Record
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