For Sale
$1,760,000

3330 Austin Peay Hwy Memphis, TN 38128

High-Yield QSR Sale-Leaseback, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a newly remodeled Krystal restaurant in Memphis, Tennessee. The property boasts a 20-year absolute NNN lease with a corporate guarantee, providing exceptional security and passive income. The 1,739 square foot building sits on a 0.55-acre lot and underwent a complete renovation in 2023, reflecting Krystal's latest prototype design. The lease includes 10% rent bumps every five years and offers 3, 5-year renewal options. The property generates a strong net operating income (NOI) of $110,000, resulting in a compelling 6.25% cap rate. This prime location on Austin Peay Highway benefits from high visibility and daily traffic counts exceeding 40,000 vehicles. The surrounding area is densely populated, with over 165,000 people within a 5-mile radius, and features numerous national tenants including McDonald's, Chick-fil-A, Starbucks, KFC, ALDI, and Family Dollar. The property's proximity to the newly constructed Raleigh Springs Civic Center, Memphis Police Department, and Raleigh Public Library further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market within a state with no income tax. The asking price is $1,760,000.

Highlights

  • High-traffic location on Austin Peay Highway with over 40,000 vehicles daily.
  • Strong tenant base with nearby McDonald's, Chick-fil-A, Starbucks, KFC, ALDI, and Family Dollar.
  • Densely populated area; over 165,000 people within a 5-mile radius.
  • Proximity to Raleigh Springs Civic Center, Memphis Police Department, and Raleigh Public Library.

Property Details for 3330 Austin Peay Hwy

Property type
Retail properties, Restaurants
Square Feet
1,739 SF
Year Renovated
2023
Lot Size (sq. ft)
23,958 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.2157822
Longitude
-89.9136967

FAQs

What type of property is this?
Retail property - High-Yield QSR Sale-Leaseback, Excellent Location
Where is the retail property located?
The property is located at 3330 Austin Peay Hwy Memphis, TN.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: High-traffic location on Austin Peay Highway with over 40,000 vehicles daily.; Strong tenant base with nearby McDonald's, Chick-fil-A, Starbucks, KFC, ALDI, and Family Dollar.; Densely populated area; over 165,000 people within a 5-mile radius.
How can I contact the broker?
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3330 Austin Peay Hwy
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