Burger King

8535 U.S. Highway 64, Memphis, TN 38133

$3,281,000

Cap Rate 6.28%

$3,432,000

Cap Rate 6.00%

DOM: 388 Updated: 02.26.25 Posted: 10.27.23 Status: Sold 11.18.24

Summary

Price $3,281,000 $3,432,000	Built/Renov 1997	Tenant Burger King
Cap Rate 6.28% 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 6,124	Lease Start 01-06-2016	#Units 150
Price/SF $535.76 $560.42	Expiration 01-05-2036	Tenant Type Fast Food/QSR
NOI $205,897	R. Term 10.8	Ownership Fee Simple
Rent/SF $33.62	Increases 10.0%/3/yrs	Pop 5Mi 150,734
Lot/AC 1.31	Options 2/5yrs	AHHI 5Mi $108,292

Lease Highlights

Burger King has 11+ years remaining on the base term of the lease with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years in primary term; CPI in options
Passive investment | Absolute NNN lease | Zero Landlord responsibilities
Depreciation benefits | Buyer may potentially take advantage of accelerated depreciation due to the gas station component of the investment | Speak with your CPA to confirm
Lease is operated and guaranteed by Tennessee Quality, LLC, a subsidiary of Carrol’s Restaurant Group that operates 150+ units

Location Description

Burger King is strategically situated at the signalized, hard corner intersection of US Highway 64 and New Brunswick Road, where the combined daily traffic count averages 33,700 vehicles. The property is positioned directly across I-40 from one of Memphis's most significant developments in decades, The Legacy at Countrywood mixed-use development. Moreover, it shares proximity with six...

...

Key Features

Signalized intersection
Freeway close
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Absolute NNN
Accelerated depreciation
100+ unit franchisee backed

...

Links

Burger King Wikipedia Burger King Wikipedia Memphis, Tennessee Zip Code 38133 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Tennessee Quality LLC
# Units:150
Tenant S&P: BB
Moody’s: B1
Stock: NYSE: QSR

About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...

...

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Stage Road	Parking Lot	2022	32,781	0.29 mi
	Stage Rd	2022	16,925	0.32 mi
	US Hwy 64	2022	13,962	0.37 mi
	I- 40	2022	3,318	0.40 mi
	N Germantown Pkwy	2021	79,912	0.53 mi
Isaac Hayes Memorial Highway	Wolstenholme Dr	2022	86,114	0.53 mi
	Stage Rd	2022	3,478	0.54 mi
US Hwy 64	N Rockcreek Pkwy	2014	47,865	0.60 mi
	Hampton Ct Rd N	2022	50,435	0.65 mi
TN 177	Horizon Center Blvd	2021	73,408	0.84 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
10334 Views
9 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
49369 Views
59 Sold

Gary Chou

With nearly a decade of experience in commercial real estate sales, Gary Chou leads Berkeley Capital Advisors’ West Coast office with a focus on Single Tenant Net Lease, Net Lease Portfolios, and Corporate Sale Leasebacks. Having brokered over 1,300 transactions totaling $3.5 billion, he and his team are highly regarded as one of the most active brokerage teams in the country and serve some of the world’s largest corporate companies, public and private REITs, private equity funds, developers, f

...

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

...

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
51474 Views
61 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT