Drive-Thru Restaurant
For Sale
Contact for pricing
2055 Frayser Boulevard, Memphis, TN 38127
Fee simple sale of an absolute NNN drive-thru KFC with a new 20-year sale leaseback and pylon sign.
Property SizeContact for details
Days on Market124
Property Features for 2055 Frayser Boulevard
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
13,000 vehicles/day
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 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
Property Profile
Current Use
Lease Details
13,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 28%
Groceries 15%
Apparel 11%
McDonald's
Dining
23,926 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
17,019 visits/mo
0.4 miles
Kroger
Groceries
13,107 visits/mo
0.4 miles
Dollar General
Shops & Services
7,441 visits/mo
0.2 miles
Rainbow
Apparel
7,428 visits/mo
0.5 miles
Demographics for 38127, TN
40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
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 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.
