Drive-Thru Restaurant Net
For Sale
Contact for pricing
869 S 3rd Street, Memphis, TN 38106
Absolute NNN leased KFC with a drive-thru lane and large pylon sign, offered as fee simple ownership.
Property SizeContact for details
Days on Market121
Property Features for 869 S 3rd Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Louisville
Listed By:
Morgan Zant · License #2024015589
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 10:31PM
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 Louisville
Investment Insights
Based on property information with market context.
This fee simple investment opportunity features an absolute NNN leased, personal-guaranteed drive-thru-equipped Kentucky Fried Chicken. The tenant, Memphis Foods, LLC (a 23-unit entity), will execute a brand new 20-year sale leaseback at closing, with 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. Franchisee guaranteed for the entire lease term, and personally guaranteed by the operator for five years.
The property is located near the signalized corner of East Eh Crump Boulevard and South 3rd Street, with an average of 30,400 combined vehicles passing by daily. It is less than 1 mile east of Interstate 55 (65,400 VPD) and has large pylon signage for visibility.
The building is served by an on-site drive-thru lane, designed to provide a streamlined customer flow. The site is also positioned to serve a nearby industrial trade area and is within proximity to the International Port of Memphis.
The property is located near the signalized corner of East Eh Crump Boulevard and South 3rd Street, with an average of 30,400 combined vehicles passing by daily. It is less than 1 mile east of Interstate 55 (65,400 VPD) and has large pylon signage for visibility.
The building is served by an on-site drive-thru lane, designed to provide a streamlined customer flow. The site is also positioned to serve a nearby industrial trade area and is within proximity to the International Port of Memphis.
Key Highlights
- Fee simple ownership of an absolute NNN leased KFC investment property in Memphis, TN
- Brand new 20‑year sale leaseback at close of escrow with 4 (5‑year) extension option periods
- 10% rental increases every 5 years during the initial term and at the start of each option period
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 45%
Dining 26%
Shops & Services 25%
Apparel 4%
MAPCO Mart
Shops & Services
18,443 visits/mo
0.5 miles
Flying Fish
Dining
18,139 visits/mo
0.5 miles
DoubleTree by Hilton Hotel Memphis Downtown
Hotels & Casinos
12,893 visits/mo
0.5 miles
Memphis Central Station
Hotels & Casinos
12,197 visits/mo
0.4 miles
Hampton Inn & Suites Memphis Beale Street
Hotels & Casinos
11,520 visits/mo
0.4 miles
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN leased KFC with a drive-thru lane and large pylon sign, offered as fee simple ownership.
Where is this nnn property located?
The property is located at 869 S 3rd Street Memphis, TN.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased KFC investment property in Memphis, TN; Brand new 20‑year sale leaseback at close of escrow with 4 (5‑year) extension option periods; 10% rental increases every 5 years during the initial term and at the start of each option period
