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Property profile & analytics
OFF-MARKET Estimated value $230,000
Drive through restaurants

2702 Perkins Rd Memphis, TN 38118-2429

2,167 SF 0.75 ac lot Built 1996
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-0475283
Property summary
AI-generated overview

This exceptional investment opportunity features a 2,200 sq ft Taco Bell in Memphis, TN, on a 0.75-acre lot with 29 parking spaces. The property boasts a strong 6.00% cap rate, a long-term absolute NNN lease with 13.2 years remaining and six 5-year options, and 10% rent bumps every 5 years. Built in 1991 and renovated in 2019, this fee-simple property generates a substantial NOI of $134,148. The tenant, a subsidiary of a highly successful restaurant group, ensures a stable income stream. The property benefits from high traffic counts on S Perkins Rd and proximity to major transportation hubs, including FedEx World Hub and Memphis International Airport. Surrounded by complementary businesses, this location offers excellent visibility and accessibility.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1996
Total area 2,167 SF
Lot 0.75 ac (32,670 SF)
Zoning code CMU-3
APN 074-001- - -00235
UPID US80-0475283
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
Park And Shop LLC · 1 yrs held
Park And Shop LLC
since 2025
Last sale
$2.1M
4 recorded transactions
2025
$2.1M
2018
Price N/A
2010
$763,957
1969
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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