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Restaurant

Burger King & All in One

6428 E Shelby Dr, Memphis, TN 38141

Listing Price: $3,385,000

Cap Rate
6.35%
Tenant Name
Burger King
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
544
Lease Type
Absolute Net
Rent Per Square Feet
$395.10

Investment Overview

Marcus & Millichap is pleased to present the Burger King & All in One in Memphis, TN.

Investment Highlights

  • 14+ Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Strong Guaranty with 230 Locations, Wholly-Owned Subsidiary of Carrols Corp. (NASDAQ: TAST)
  • Upward Trending Unit-Level Burger King Sales, Projected to Increase 15% Over 2020
  • Same Lease and Guaranty Includes All In One Convenience Store, Gas Station and Car Wash, Eligible for Bonus Depreciation
  • Infill Location, Serving Over 80,000 Residents within a 3-Mile Radius
  • Highly Visible to 56,000 Cars/Day, Hard Corner Location at Signalized Intersection with Monument Signage
  • Strategic Location, Underserved Retail Trade Area with Competition Void

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Burger King & All in One

Listing Price: $3,385,000

Cap Rate
6.35%
Tenant Name
Burger King
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
544
Lease Type
Absolute Net
Rent Per Square Feet
$395.10

Investment Highlights

  • 14+ Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Strong Guaranty with 230 Locations, Wholly-Owned Subsidiary of Carrols Corp. (NASDAQ: TAST)
  • Upward Trending Unit-Level Burger King Sales, Projected to Increase 15% Over 2020
  • Same Lease and Guaranty Includes All In One Convenience Store, Gas Station and Car Wash, Eligible for Bonus Depreciation
  • Infill Location, Serving Over 80,000 Residents within a 3-Mile Radius
  • Highly Visible to 56,000 Cars/Day, Hard Corner Location at Signalized Intersection with Monument Signage
  • Strategic Location, Underserved Retail Trade Area with Competition Void

Investment Overview

Marcus & Millichap is pleased to present the Burger King & All in One in Memphis, TN.

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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