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Property profile & analytics
OFF-MARKET Estimated value $850,000
Drive through restaurants

3330 Austin Peay Hwy Memphis, TN 38128-3802

1,772 SF 0.55 ac lot Built 2014
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-1906099
Property summary
AI-generated overview

This exceptional investment opportunity presents a newly remodeled Krystal restaurant in Memphis, Tennessee. The property boasts a 20-year absolute NNN lease with a corporate guarantee, providing exceptional security and passive income. The 1,739 square foot building sits on a 0.55-acre lot and underwent a complete renovation in 2023, reflecting Krystal's latest prototype design. The lease includes 10% rent bumps every five years and offers 3, 5-year renewal options. The property generates a strong net operating income (NOI) of $110,000, resulting in a compelling 6.25% cap rate. This prime location on Austin Peay Highway benefits from high visibility and daily traffic counts exceeding 40,000 vehicles. The surrounding area is densely populated, with over 165,000 people within a 5-mile radius, and features numerous national tenants including McDonald's, Chick-fil-A, Starbucks, KFC, ALDI, and Family Dollar. The property's proximity to the newly constructed Raleigh Springs Civic Center, Memphis Police Department, and Raleigh Public Library further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market within a state with no income tax. The asking price is $1,760,000.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2014
Total area 1,772 SF
Lot 0.55 ac (23,784 SF)
Zoning code CMU-2
APN 085-017- - -00071
UPID US80-1906099
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
  • Krystal Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
by Request
Comparable Approach Comparable
$760k
Blend (final) Blend
$850k
Owner & transaction history
Krystal Restarants LLC · 1 yrs held
Krystal Restarants LLC
since 2025
6 recorded transactions
2025
Price N/A
2025
$1.7M
2025
Price N/A
2021
Price N/A
2020
$1.0M
2013
$968,421
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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