For Sale
$2,236,000

2702 Perkins RdMemphis, TN 38118

Memphis Taco Bell, strong ROI, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a 2,200 sq ft Taco Bell in Memphis, TN, on a 0.75-acre lot with 29 parking spaces. The property boasts a strong 6.00% cap rate, a long-term absolute NNN lease with 13.2 years remaining and six 5-year options, and 10% rent bumps every 5 years. Built in 1991 and renovated in 2019, this fee-simple property generates a substantial NOI of $134,148. The tenant, a subsidiary of a highly successful restaurant group, ensures a stable income stream. The property benefits from high traffic counts on S Perkins Rd and proximity to major transportation hubs, including FedEx World Hub and Memphis International Airport. Surrounded by complementary businesses, this location offers excellent visibility and accessibility.

Highlights

  • $2,236,000 asking price for a Taco Bell net lease property.
  • Absolute NNN lease with 13.2 years remaining, plus six 5-year options.
  • 6.00% cap rate, $134,148 NOI.
  • 2,200 square feet on a 0.75-acre lot with 29 parking spaces.
  • Built in 1991, renovated in 2019.
  • 10% rent bumps every 5 years.

Property Details for 2702 Perkins Rd

Property type
Retail properties
Square Feet
2,200 SF
Year Built/Renovated
1991/2019
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.074834230444
Longitude
-89.905759020137
2702 Perkins Rd, Memphis, Tennessee

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2702 Perkins Rd
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