5305 Winchester Rd - Fast Food FOR SALE


Memphis, TN 38118
$2,383,656 USD
818-907-4696
5305 Winchester Rd, Memphis, TN for Sale
$2,383,656 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

5305 Winchester Rd
Memphis, TN 38118


HIGHLIGHTS

  • Long Term Lease | 10+ years remaining on the primary lease term with 10% increases every 5 years
  • Hard Corner Location | Located at Signalized Intersection with over 58,000 VPD
  • Property Equipped with Drive-thru and a large 1.15 ACRE lot with 41 parking spaces
  • Strong Guarantor | Nashville Quality, LLC operates 160+ Burger King restaurants and is a subsidiary of Carrol’s Corporation
  • Surrounded by Schools | Over 2,500 Students in a 0.1 Mile Radius
  • Fee Simple Ownership (Land and Building) | Depreciable Asset

OVERVIEW

CBRE is pleased to present a Burger King for sale located at 5305 Winchester Road in Memphis, TN . The property includes a 2,124 SF single tenant drive-thru building on a large 1.15 ACRE lot and benefits from being situated on a signalized hard corner, which sees 58,000+ vehicles per day. Burger King has been operating successfully at this address for over 17 years and signed a new 15-year lease in 2021, showing a long-term commitment to this market. There are currently 10+ years remaining on the lease with two 5-year options. The Lease is backed by Nashville Quality, LLC, a subsidiary of Carrol’s Corporation. Carrol’s is one of the nation’s largest Franchisee Operators and currently operates 1,010 restaurants in 23 states as well as 65 Popeyes restaurants in seven states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 10% rental increases every 5 years, including the option periods, providing a strong hedge against inflation. Memphis, Tennessee, is a vibrant city located along the Mississippi River in southwestern Shelby County. With over 651,000 residents in the city and 1,374,000 in the Greater Memphis area, it spans three states: Tennessee, Mississippi, and Arkansas. Memphis is the largest city situated along the Mississippi River and the second most populous city in Tennessee.

FOR SALE DETAILS

PRICE

$2,383,656 USD

PRICE/SF

$1,122 USD /SF

CAP RATE

5.5%

% 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

2008

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

CMU-1

APN/PARCEL ID

09-3417-L0-0007

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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