NNN Drive-Through
For Sale
Contact for pricing
749 South Highland Street, Memphis, TN 38111
Wendy’s-branded restaurant property carries a long-term triple-net lease structure with scheduled annual increases.
Property Size2,711 SF
Lot Size0.65 Acres
Price / SF$927.74
Days on Market88
Property Features for 749 South Highland Street
General Information
Standard status
Active
Size
2,711 SF
Lot size
0.65 Acres
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$138,331
Building Details
Year Built
1979
Year Renovated
2020
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Adam Friedlander · License #NY 10301213841
Source:
Crexi
Added: Jun 4
Changed: Aug 30
Last Checked: Aug 30 at 12:58PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Wendy’s property includes roughly 2,711 rentable square feet within an estimated 0.65-acre parcel. The restaurant asset was built in 1979 and is located at 749 South Highland Street in Memphis, Tennessee.
The property is subject to a 20-year Triple Net lease that commenced 5/6/2021. Scheduled annual increases are based on the lesser of the change in CPI or 1.25%, providing a defined lease-escalation structure. The site is classified among NNN and drive-through restaurant properties.
The property is subject to a 20-year Triple Net lease that commenced 5/6/2021. Scheduled annual increases are based on the lesser of the change in CPI or 1.25%, providing a defined lease-escalation structure. The site is classified among NNN and drive-through restaurant properties.
Key Highlights
- Wendy’s restaurant property at 749 South Highland Street, Memphis, TN 38111
- Roughly 2,711 rentable square feet on an estimated 0.65‑acre parcel
- 20‑year Triple Net (NNN) lease commenced 5/6/2021
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 18%
Electronics 4%
MAPCO Mart
Shops & Services
7,016 visits/mo
0.5 miles
Valero Energy
Shops & Services
6,492 visits/mo
0.2 miles
Dollar General
Shops & Services
3,601 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,282 visits/mo
0.4 miles
Jeremiah's Italian Ice
Dining
2,597 visits/mo
0.5 miles
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
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?
NNN property - Wendy’s-branded restaurant property carries a long-term triple-net lease structure with scheduled annual increases.
Where is this nnn property located?
The property is located at 749 South Highland Street Memphis, TN.
What is the asking price?
The asking price for this property is $2,515,105.
What are key features of this property?
This property features: Wendy’s restaurant property at 749 South Highland Street, Memphis, TN 38111; Roughly 2,711 rentable square feet on an estimated 0.65‑acre parcel; 20‑year Triple Net (NNN) lease commenced 5/6/2021
