$2,869,582 USD
858-427-1332
1027 Union Ave
Memphis, TN 38104
Medical District
HIGHLIGHTS
- Absolute NNN lease with ±9.83 years remaining and 10% rent increases every 5 years.
- Highest trafficked Burger King in Memphis with over 36,000+ visits per month.
- Institutional grade operator—Carrols Corp, largest BK franchisee, now owned by RBI.
- Strategic Midtown Memphis location on Union Ave (±37,500 VPD), near I-240 and FedEx Forum.
- Surrounded by 100,000 residents in a 3-mile radius and strong national co-tenancy.
- Fee simple ownership with tenant responsible for roof and structure.
FOR SALE DETAILS
PRICE
$2,869,582 USD
PRICE/SF
$671 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.86 AC
LAND SF
37,462 SF
ZONING
CH
APN/PARCEL ID
01-8028-0-0005C
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858-427-1332
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858-427-1332
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