3255 Austin Peay Hwy
Memphis, TN 38128
KFC · Retail Property For Sale

Northmarq is pleased to offer for sale this absolute NNN KFC property located in Memphis, Tennessee. The property consists of a ±2,312-square-foot freestanding KFC building with drive-thru, situated on a parcel of roughly 1.2 acres. The ownership interest being sold is fee simple (ie; land and building) and is subject to an absolute NNN lease, with 15.4 years on the base term, four five-year renewal options, and 7.5% rent increases every five years including in the options.
The property enjoys exceptional exposure along Austin Peay Highway, with nearly 70,000 vehicles per day. In terms of visitation data, Placer.ai data ranks this location in the 87th percentile among KFC restaurants nationally. The site is part of a well-established retail corridor, with neighboring brands including Aldi, Kroger, Walmart, Home Depot, Marshalls, Burger King, Wendy's, Chick-fil-A, Starbucks, and Popeyes. Major area demand drivers include Methodist North Hospital, the Nike North America Logistics Campus, and an Amazon fulfillment center. More than 62,000 residents live within three miles and nearly 163,000 within five miles, with one-mile average household income of $86,364.
The location is operated by Tasty Chick'n Midwest, a subsidiary of Tasty Chick'n, one of the five largest KFC franchisees in the United States with approximately 147 locations across ten states. Tasty Chick'n is itself a subsidiary of Tasty Restaurant Group, a top-35 QSR operator by revenue, with roughly 450 units spanning KFC, Taco Bell, Pizza Hut, Burger King, Dunkin', and Baskin-Robbins.