Checkers Drive-Through
For Sale
Contact for pricing
Pending
3240 Austin Peay Highway, Memphis, TN 38128
The property is subject to a long-term absolute net lease with no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 3240 Austin Peay Highway
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Miami
Listed By:
Roee Ben-Moshe · License #BK3248800
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:11PM
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 Marcus & Millichap - Miami
Investment Insights
Based on property information with market context.
This offering features a Checkers Drive-In restaurant operated as a drive-through food-service property. The asset is paired with a 15-year absolute net lease, placing responsibility for property obligations with the tenant rather than the landlord.
Located at 3240 Austin Peay Highway in Memphis, Tennessee, the property carries a recognizable national restaurant brand. The lease structure is NNN, with zero landlord responsibilities identified in the offering information.
Located at 3240 Austin Peay Highway in Memphis, Tennessee, the property carries a recognizable national restaurant brand. The lease structure is NNN, with zero landlord responsibilities identified in the offering information.
Key Highlights
- Checkers Drive‑In drive‑through restaurant property
- 15‑year NNN lease structure
- Absolute net lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 34%
Groceries 16%
Apparel 5%
McDonald's
Dining
33,030 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
22,765 visits/mo
0.1 miles
Aldi
Groceries
17,560 visits/mo
0.3 miles
Marathon
Shops & Services
14,693 visits/mo
0.2 miles
Krystal
Dining
11,075 visits/mo
0.1 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - The property is subject to a long-term absolute net lease with no landlord responsibilities.
Where is this drive through restaurant located?
The property is located at 3240 Austin Peay Highway Memphis, TN.
What are key features of this property?
This property features: Checkers Drive‑In drive‑through restaurant property; 15‑year NNN lease structure; Absolute net lease with zero landlord responsibilities
