Drive-Thru Restaurant
2055 Frayser Boulevard Memphis, TN 38127
2055 Frayser Boulevard, Memphis, TN, 38127
Contact for pricing
For Sale
Contact for pricing
Fee simple sale of an absolute NNN drive-thru KFC with a new 20-year sale leaseback and pylon sign.
Days on Market103
Property Features for 2055 Frayser Boulevard
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 10:06PM Checked: Jul 21 at 4:44AM
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.
SRS National Net Lease Group is pleased to offer the fee simple interest in an absolute NNN leased, drive-thru equipped Kentucky Fried Chicken restaurant, with a tenant personal guarantee. The property is described as a KFC location remodeled in 2017 to an updated “American Showman” design, featuring KFC’s signature colors and updated amenities.
The tenant, Memphis Foods, LLC, will execute a brand new 20-year sale leaseback at closing, with four additional five-year option periods. The lease calls for 8% rental increases every five years throughout the initial term and at the beginning of each option period. The lease is franchisee guaranteed for the entire lease term, and is personally guaranteed by the operator for five years, with absolute NNN terms and zero landlord responsibilities. The building includes a drive-thru and a large pylon sign for visibility.
The restaurant is positioned near the signalized hard-corner intersection of Frayser Blvd. and Overton Crossing St. The remarks cite average traffic of 13,000 combined vehicles passing by daily. The surrounding retail corridor includes national/credit tenants such as Kroger, Family Dollar, Save-a-Lot Food Stores, Walgreens, and O’Reilly Auto Parts.
The tenant, Memphis Foods, LLC, will execute a brand new 20-year sale leaseback at closing, with four additional five-year option periods. The lease calls for 8% rental increases every five years throughout the initial term and at the beginning of each option period. The lease is franchisee guaranteed for the entire lease term, and is personally guaranteed by the operator for five years, with absolute NNN terms and zero landlord responsibilities. The building includes a drive-thru and a large pylon sign for visibility.
The restaurant is positioned near the signalized hard-corner intersection of Frayser Blvd. and Overton Crossing St. The remarks cite average traffic of 13,000 combined vehicles passing by daily. The surrounding retail corridor includes national/credit tenants such as Kroger, Family Dollar, Save-a-Lot Food Stores, Walgreens, and O’Reilly Auto Parts.
Key Highlights
- Fee simple (land & building) sale of an absolute NNN leased KFC in Memphis, TN.
- Tenant Memphis Foods, LLC (23‑unit) will execute a brand new 20‑year sale leaseback at close of escrow.
- Lease includes 4 (5‑year) options to extend, with 8% rental increases every 5 years and at each option period.
Property Analytics
Location Intelligence
Current Use by Public Records
KFC
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Fee simple sale of an absolute NNN drive-thru KFC with a new 20-year sale leaseback and pylon sign.
Where is this drive through restaurant located?
The property is located at 2055 Frayser Boulevard Memphis, TN.
What are key features of this property?
This property features: Fee simple (land & building) sale of an absolute NNN leased KFC in Memphis, TN.; Tenant Memphis Foods, LLC (23‑unit) will execute a brand new 20‑year sale leaseback at close of escrow.; Lease includes 4 (5‑year) options to extend, with 8% rental increases every 5 years and at each option period.
