Views: 0 DOM: 45 Updated: 12.04.23 Posted: 10.27.23 Status: Active


Price $3,432,000
Built/Renov 1997
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 6,124
Lease Start 01-06-2016
#Units 150
Price/SF $560.42
Expiration 01-05-2036
Tenant Type Fast Food/QSR
NOI $205,897
R. Term 12.0
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 ±12 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...



  • 1 Mile
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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...



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

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