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3551 Austin Peay Hwy
Memphis, TN 38128 Raleigh

$2,098,000 USD

Fast Food For Sale  •  2,206 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,366 SF
  • Lot Size 0.93 AC
  • Building Class B
  • Year Built 2022
  • Cap Rate 5.15 %
  • Tenancy Single
  • Zoning CMU-2
30 Transit Score
40 Walk Score

Highlights

Corporate NNN ground lease with zero landlord maintenance or expense responsibilities, providing a fully passive income stream from rent commencement
20-year initial term with two successive 5-year renewal options, offering a maximum contractual term of 30 years
Structured 10% rental increases at each five-year interval, escalating from $98,204 annually in Years 1–5 to $130,709 annually in Years 16–20
0.93-acre outparcel within the Marketplace at Raleigh, a 8.44-acre multi-tenant QSR and coffee development completed between 2020 and 2023
Situated on Austin Peay Highway with access to I-40, I-385, US-51, and US-64/70, positioning the site within a well-connected retail corridor

Property Flyers

Cap Rate: 5.15 %

Public Transportation

AirportDriveWalkDistance
Memphis International 29 min - 15.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 29
Type: Surface
Included in Rent: Yes
Rachel Kram 415-515-0181 CP Partners CRE
Rachel Kram 415-515-0181 CP Partners CRE