5091 Park Ave Memphis, TN 38117

Building Details

Year Built

1994

Listing office Crye-Leike Commercial Memphis

Listing date Feb 25, 2026

Source Crexi

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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.

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FAQs

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.