Dual-Concept Drive-Thru
2785 Lamar Avenue Memphis, TN 38114
2785 Lamar Avenue, Memphis, TN, 38114
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For Sale
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Absolute NNN drive-thru restaurant featuring a Kentucky Fried Chicken and Taco Bell dual concept.
Days on Market104
Property Features for 2785 Lamar Avenue
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 21 at 1:16AM Checked: Jul 21 at 5:08AM
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.
This absolute NNN leased drive-thru restaurant property is being offered on a fee simple basis. The asset is a Kentucky Fried Chicken and Taco Bell dual concept and includes a drive-thru lane designed to serve on-site through-traffic. The offering is described as a brand new 20-year sale leaseback to be executed by the tenant, Memphis Foods, LLC, upon close of escrow, with four additional 5-year option periods.
The lease is characterized as franchisee guaranteed for the entire lease term, and personally guaranteed by the operator for five years. The property is positioned at a three-way, signalized hard corner intersection of Kimball Avenue, Pendleton Street, and Lamar Avenue, with the remarks citing average combined daily traffic of 46,900 vehicles. It is also reported to be less than 1 mile from Interstate 240, with convenient on/off ramp access, and is noted to have strong visibility supported by a large pylon sign.
The surrounding area is described as a primary retail corridor with nearby national operators including ALDI, Walgreens, Advance Auto Parts, Family Dollar, Dollar Tree, and Dollar General, along with proximity to an industrial trade area that includes Memphis Depot Industrial Park.
The lease is characterized as franchisee guaranteed for the entire lease term, and personally guaranteed by the operator for five years. The property is positioned at a three-way, signalized hard corner intersection of Kimball Avenue, Pendleton Street, and Lamar Avenue, with the remarks citing average combined daily traffic of 46,900 vehicles. It is also reported to be less than 1 mile from Interstate 240, with convenient on/off ramp access, and is noted to have strong visibility supported by a large pylon sign.
The surrounding area is described as a primary retail corridor with nearby national operators including ALDI, Walgreens, Advance Auto Parts, Family Dollar, Dollar Tree, and Dollar General, along with proximity to an industrial trade area that includes Memphis Depot Industrial Park.
Key Highlights
- Fee simple absolute NNN lease with a brand new 20‑year sale leaseback plus four 5‑year option periods
- Dual concept Kentucky Fried Chicken and Taco Bell drive‑thru building on an absolute NNN basis (zero landlord responsibilities)
- Lease with 10% rental increases every 5 years during the initial term and at the start of each option period
Property Analytics
Location Intelligence
Current Use by Public Records
KFC
Restaurant
Taco Bell
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Absolute NNN drive-thru restaurant featuring a Kentucky Fried Chicken and Taco Bell dual concept.
Where is this drive through restaurant located?
The property is located at 2785 Lamar Avenue Memphis, TN.
What are key features of this property?
This property features: Fee simple absolute NNN lease with a brand new 20‑year sale leaseback plus four 5‑year option periods; Dual concept Kentucky Fried Chicken and Taco Bell drive‑thru building on an absolute NNN basis (zero landlord responsibilities); Lease with 10% rental increases every 5 years during the initial term and at the start of each option period
