2702 Perkins Rd, Memphis, TN 38118-2429
- Drive through restaurants
- 2,167 SF
- 0.75 lot acres
Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 2702 Perkins Rd
- Year built
- 1996
- Lot size
- 0.75 lot acres
- Zone code
- CMU-3
- Property type
- Drive through restaurants
- APN
- 074-001- - -00235
- APU
- 7400100235
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 7, 2025 | $2,146,368 | Park And Shop LLC | Mmb Memphis Real Estate | Special Warranty Deed | — |
| May 17, 2018 | — | Mmb Memphis Real Estate | — | Grant Deed · related | $3.8M · Bank Of Wa |
| Dec 23, 2010 | $763,957 | Mmb Memphis Real Estate | Taco Bell Of America INC | Warranty Deed | — |
| — | — | Mmb Memphis Real Estate | — | Deed Of Trust · related | $1.7M · First Franchise Capital Corp |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9057
- Latitude
- 35.0751
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
