For Sale
$1,760,000

3330 Austin Peay HwyMemphis, TN 38128

High-Yield QSR Sale-Leaseback, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
115
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
3330 Austin Peay Hwy, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3330 Austin Peay Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message