Park Avenue Restaurant Ground
For Sale
Contact for pricing
Pending
5091 Park Ave, Memphis, TN 38117
Fully leased Back Yard Burgers on Park Avenue for sale.
Property Size899 SF
Days on Market186
Property Features for 5091 Park Ave
General Information
Standard status
Pending
Size
899 SF
Property subtype
Retail
Zoning
CMU1
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
1994
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Cathy Anderson · License #TN TN
Source:
Crexi
Added: Feb 25
Changed: Aug 18
Last Checked: Aug 17 at 7:05PM
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 Crye-Leike Commercial Memphis
Investment Insights
Based on property information with market context.
This property at 5091 Park Avenue is fully leased to Back Yard Burgers. The lease is absolute net, with no landlord responsibilities. The base term ends on 11/30/2035, featuring below-market rent. There is a renewal option for an additional 5-year term, requiring 120 days' notice to the landlords. The property, with a size of 899 square feet, is zoned CMU1. Additional details are available in the full Offering Memorandum. This property is suitable for conventional restaurants, restaurants, NNN properties, and specialty properties.
Key Highlights
- Absolute net ground lease offering a completely passive investment.
- Fully leased to Back Yard Burgers providing immediate income.
- Lease term until 2035 ensures stable cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
543k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 23%
Groceries 20%
Apparel 15%
T.J. Maxx
Apparel
52,314 visits/mo
0.1 miles
Five Below
Shops & Services
50,404 visits/mo
0.1 miles
Whole Foods Market
Groceries
45,459 visits/mo
0.5 miles
Kroger
Groceries
44,806 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
42,869 visits/mo
0.2 miles
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
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?
Conventional restaurant - Fully leased Back Yard Burgers on Park Avenue for sale.
Where is this conventional restaurant located?
The property is located at 5091 Park Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Absolute net ground lease offering a completely passive investment.; Fully leased to Back Yard Burgers providing immediate income.; Lease term until 2035 ensures stable cash flow.
