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Restaurant

Closed Burger King

3344 Austin Peay Highway, Memphis, TN 38128

Listing Price: $1,160,000

Cap Rate
7.56%
Tenant Name
Nashville Quality LLC
Years Remaining On Lease
14.3
Guarantor
Franchisee Guarantee
Rentable SF
3,286
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.70

Investment Overview

Marcus & Millichap is pleased to present this freestanding +/- 3,286 Burger King restaurant situated on 0.78-acres lot in Memphis, Tennessee. The property is a well-positioned in heavy retail corridor adjacent to a Family Dollar, with nearby national retailers such as McDonald's, KFC, Little Caesars, Rent-A-Center, Save-A-Lot, Subway, and more. This property fronts onto Austin Peay Highway with a daily traf?c count reported at 36,000 vehicles.

Investment Highlights

  • Over 14 years remaining on Absolute NNN lease
  • Operated by the Largest Burger King Franchisee
  • Owner/user or redevelopment opportunity

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $1,160,000

Cap Rate
7.56%
Tenant Name
Nashville Quality LLC
Years Remaining On Lease
14.3
Guarantor
Franchisee Guarantee
Rentable SF
3,286
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.70

Investment Highlights

  • Over 14 years remaining on Absolute NNN lease
  • Operated by the Largest Burger King Franchisee
  • Owner/user or redevelopment opportunity

Investment Overview

Marcus & Millichap is pleased to present this freestanding +/- 3,286 Burger King restaurant situated on 0.78-acres lot in Memphis, Tennessee. The property is a well-positioned in heavy retail corridor adjacent to a Family Dollar, with nearby national retailers such as McDonald's, KFC, Little Caesars, Rent-A-Center, Save-A-Lot, Subway, and more. This property fronts onto Austin Peay Highway with a daily traf?c count reported at 36,000 vehicles.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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