Burger King 5305 Winchester Rd 2 124 pi² Commerce de détail Immeuble Memphis, TN 38118 3 297 526 $ CAD (1 552,51 $ CAD/pi²) 5,50% Taux de capitalisation

CBRE is pleased to present a Burger King for sale located at 5305 Winchester Road in Memphis, TN . The property includes a 2,124 SF single tenant drive-thru building on a large 1.15 ACRE lot and benefits from being situated on a signalized hard corner, which sees 58,000+ vehicles per day. Burger King has been operating successfully at this address for over 17 years and signed a new 15-year lease in 2021, showing a long-term commitment to this market. There are currently 10+ years remaining on the lease with two 5-year options.
The Lease is backed by Nashville Quality, LLC, a subsidiary of Carrol’s Corporation. Carrol’s is one of the nation’s largest Franchisee Operators and currently operates 1,010 restaurants in 23 states as well as 65 Popeyes restaurants in seven states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 10% rental increases every 5 years, including the option periods, providing a strong hedge against inflation.
Memphis, Tennessee, is a vibrant city located along the Mississippi River in southwestern Shelby County. With over 651,000 residents in the city and 1,374,000 in the Greater Memphis area, it spans three states: Tennessee, Mississippi, and Arkansas. Memphis is the largest city situated along the Mississippi River and the second most populous city in Tennessee.