5091 Park Ave - Fast Food FOR SALE


Memphis, TN 38117- Sea Isle Park
$1,400,000 USD
901-282-6312
5091 Park Ave, Memphis, TN for Sale
$1,400,000 USD
Fast Food - FOR SALE
1/7
null | 6.67% Cap Rate

5091 Park Ave
Memphis, TN 38117
Sea Isle Park


OVERVIEW

Absolute Net Ground Lease for Sale. New listing: 5091 Park Avenue, fully leased Back Yard Burgers, for sale. Lease is absolute net with no landlord responsibilities. Base term ends 11/30/2035 with below-market rent. Renewal option for an additional 5-year term with 120 days' notice to landlords. Please see full Offering Memorandum for full details.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,515 SF

ZONING

CL

APN/PARCEL ID

06-7002-0-0005C

ASK ABOUT THIS PROPERTY

Cathy AndersonCrye-Leike CommercialMore Info
901-282-6312

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Cathy AndersonCrye-Leike CommercialMore Info
901-282-6312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.