Drive-Thru KFC Absolute
For Sale
Contact for pricing
727 South Highland, Memphis, TN 38111
Fee simple drive-thru KFC with absolute NNN structure and a brand-new sale-leaseback lease term.
Property SizeContact for details
Days on Market121
Property Features for 727 South Highland
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
21,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Offered for fee simple purchase (land and building ownership), this absolute NNN leased, personal-guaranteed drive-thru Kentucky Fried Chicken property is currently tied to a brand new 20-year sale-leaseback arrangement to be executed at the close of escrow. The tenant will include four (5-year) option periods to extend. The lease includes 10% rental increases every five years throughout the initial term and at the beginning of each option period. The franchise is guaranteed for the entire lease term, and the operator is personally guaranteed for the first five years. The building is equipped with a drive-thru lane and has large pylon signage.
The restaurant is positioned at a hard-corner intersection of Carnes Avenue and South Highland Street, with 21,000 VPD cited for the location and visibility supported by the large pylon sign. It is described as located between the University of Memphis Main Campus and Park Avenue Campus (over 21,000 students enrolled), with nearby national and credit tenants including Save-A-Lot, CVS Pharmacy, Walgreens, Dollar Tree, and Family Dollar.
The asset is identified as a Memphis, Tennessee investment with population and employment support cited for the trade area.
The restaurant is positioned at a hard-corner intersection of Carnes Avenue and South Highland Street, with 21,000 VPD cited for the location and visibility supported by the large pylon sign. It is described as located between the University of Memphis Main Campus and Park Avenue Campus (over 21,000 students enrolled), with nearby national and credit tenants including Save-A-Lot, CVS Pharmacy, Walgreens, Dollar Tree, and Family Dollar.
The asset is identified as a Memphis, Tennessee investment with population and employment support cited for the trade area.
Key Highlights
- Fee simple (land & building) investment property with absolute NNN lease and zero landlord responsibilities
- Brand‑new 20‑year sale leaseback from Memphis Foods, LLC, with 4 (5‑year) option periods to extend
- Franchisee guaranteed for the entire lease term and personally guaranteed by the operator for 5 years
Property Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 18%
Electronics 4%
MAPCO Mart
Shops & Services
7,016 visits/mo
0.5 miles
Valero Energy
Shops & Services
6,492 visits/mo
0.2 miles
Dollar General
Shops & Services
3,601 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,282 visits/mo
0.4 miles
Jeremiah's Italian Ice
Dining
2,597 visits/mo
0.5 miles
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fee simple drive-thru KFC with absolute NNN structure and a brand-new sale-leaseback lease term.
Where is this drive through restaurant located?
The property is located at 727 South Highland Memphis, TN.
What are key features of this property?
This property features: Fee simple (land & building) investment property with absolute NNN lease and zero landlord responsibilities; Brand‑new 20‑year sale leaseback from Memphis Foods, LLC, with 4 (5‑year) option periods to extend; Franchisee guaranteed for the entire lease term and personally guaranteed by the operator for 5 years
