Drive-Thru QSR Restaurant
For Sale
Contact for pricing
200 N Danny Thomas Boulevard, Memphis, TN 38105
Absolute NNN, drive-thru equipped KFC with a remodeled 2017 building and a new 20-year sale-leaseback structure.
Property SizeContact for details
Days on Market121
Property Features for 200 N Danny Thomas Boulevard
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
30,900 vehicles/day
Highway Access
Yes
Building Details
Year Renovated
2017
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 20 at 7:05PM
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.
Fee simple ownership is being offered for a drive-thru equipped Kentucky Fried Chicken (KFC) restaurant with an absolute NNN lease structure and zero landlord responsibilities. The property is supported by a brand new 20-year sale leaseback to be executed by Memphis Foods, LLC (23-units), with four (5-year) option periods to extend. Rent increases are structured at 10% every 5 years throughout the initial term and at the start of each option period. The lease is franchisee guaranteed for the entire lease term, and the operator provides a personal guarantee for the first five years. The KFC was remodeled in 2017 to an updated “American Showroom” design.
The site is located at the busy intersection of N. Danny Thomas Boulevard and Poplar Avenue, with over 30,900 vehicles passing by each day, and is less than half a mile from the on/off ramps to Interstate 40 (59,100 VPD). A pylon sign provides visibility along Danny Thomas Boulevard.
The property also includes drive-thru convenience, and is positioned within central Memphis, with multiple major destinations described in the area, including the Memphis Cook Convention Center, auto-related hotels, St. Jude Children’s Research Hospital, and the Bass Pro Shops at the Pyramid.
The site is located at the busy intersection of N. Danny Thomas Boulevard and Poplar Avenue, with over 30,900 vehicles passing by each day, and is less than half a mile from the on/off ramps to Interstate 40 (59,100 VPD). A pylon sign provides visibility along Danny Thomas Boulevard.
The property also includes drive-thru convenience, and is positioned within central Memphis, with multiple major destinations described in the area, including the Memphis Cook Convention Center, auto-related hotels, St. Jude Children’s Research Hospital, and the Bass Pro Shops at the Pyramid.
Key Highlights
- Fee simple (land & building) absolute NNN KFC investment with zero landlord responsibilities
- Brand new 20‑year sale leaseback with tenant Memphis Foods, LLC (23 units) and 4 additional 5‑year option periods
- Lease includes 10% rental increases every 5 years during the initial term and at the start of each option period
Property Analytics
Current Use
Lease Details
30,900 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,225
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 33%
Hotels & Casinos 22%
Wendy's
Dining
14,209 visits/mo
0.2 miles
Exxon
Shops & Services
13,743 visits/mo
0.1 miles
Hotel Indigo Memphis Downtown
Hotels & Casinos
6,922 visits/mo
0.5 miles
KFC
Dining
6,723 visits/mo
0.1 miles
American Deli
Dining
6,306 visits/mo
0.4 miles
Demographics for 38105, TN
6,232
Population
4,145
Households
1.5
Avg Household Size
39
Median Age
22%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
3,666
Density / Sq Mi
$29,316
Median Household Income
$34,969
Median Earnings
$928
Median Rent
$75,400
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 - Absolute NNN, drive-thru equipped KFC with a remodeled 2017 building and a new 20-year sale-leaseback structure.
Where is this drive through restaurant located?
The property is located at 200 N Danny Thomas Boulevard Memphis, TN.
What are key features of this property?
This property features: Fee simple (land & building) absolute NNN KFC investment with zero landlord responsibilities; Brand new 20‑year sale leaseback with tenant Memphis Foods, LLC (23 units) and 4 additional 5‑year option periods; Lease includes 10% rental increases every 5 years during the initial term and at the start of each option period
