Dual-Concept Drive-Thru
For Sale
Contact for pricing
2785 Lamar Avenue, Memphis, TN 38114
Absolute NNN drive-thru restaurant featuring a Kentucky Fried Chicken and Taco Bell dual concept.
Property SizeContact for details
Days on Market138
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
Changed: Aug 8
Last 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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Apparel 15%
Dining 13%
Family Dollar
Shops & Services
8,114 visits/mo
0.5 miles
Dollar General
Shops & Services
6,755 visits/mo
0.5 miles
Regions Bank
Shops & Services
5,970 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,687 visits/mo
0.3 miles
BP
Shops & Services
5,604 visits/mo
0.1 miles
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
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 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
