Leased Corner Restaurant
2740 Bartlett Road Bartlett, TN 38134
2740 Bartlett Road, Bartlett, TN, 38134
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For Sale
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Freestanding restaurant property on a prominent corner with dual road frontage and ample on-site parking.
Property Size3,760 SF
Price / SF$239.10
Days on Market89
Property Features for 2740 Bartlett Road
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
Keller Williams Memphis
Listed by
Mike Neal · License #383433
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 1:30PM Checked: Jul 21 at 1:30PM
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 Keller Williams Memphis
Investment Insights
Based on property information with market context.
Freestanding restaurant building positioned at a highly visible corner at Bartlett Road and Bartlett Boulevard in Bartlett, TN. The property is currently leased to an established tenant, offering immediate occupancy. Off the roadway with ample on-site parking, the site is designed to support straightforward customer access and visibility from two directions.
The address is 2740 Bartlett Road, Bartlett, TN 38134, with the property described as located just off U.S. Highway 64 (Stage Road). This corner placement provides exposure along two well-traveled corridors within a retail and commercial area.
For buyers seeking a leased restaurant investment, this asset combines freestanding operation, dual frontage, and on-site parking under an active lease.
The address is 2740 Bartlett Road, Bartlett, TN 38134, with the property described as located just off U.S. Highway 64 (Stage Road). This corner placement provides exposure along two well-traveled corridors within a retail and commercial area.
For buyers seeking a leased restaurant investment, this asset combines freestanding operation, dual frontage, and on-site parking under an active lease.
Key Highlights
- Freestanding leased restaurant property built in 1984 with dual road frontage on Bartlett Road and Bartlett Boulevard in Bartlett
- Fully leased to an established tenant, providing immediate and consistent cash flow
- Highly visible corner location just off U.S. Highway 64 (Stage Road) with prominent frontage along two well‑traveled corridors
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $16.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $60.3k | $16.04 |
| − OpEx | −$15.1k | −$4.01 |
| NOI | $45.2k | $12.03 |
3,760 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$646.3K
$565.6K – $754.1K
NOI $45,244 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.3K – $1.30M
NOI $77,787 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
El Idolo
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Brickhouse Buffet — 2861 Bartlett Blvd, Bartlett, TN 38134
- Grand Pacific — 6196 Stage Rd, Bartlett, TN 38134
FAQs
What type of property is this?
Conventional restaurant - Freestanding restaurant property on a prominent corner with dual road frontage and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 2740 Bartlett Road Bartlett, TN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Freestanding leased restaurant property built in 1984 with dual road frontage on Bartlett Road and Bartlett Boulevard in Bartlett; Fully leased to an established tenant, providing immediate and consistent cash flow; Highly visible corner location just off U.S. Highway 64 (Stage Road) with prominent frontage along two well‑traveled corridors
