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

6255 Winchester Rd Memphis, TN 38115-4174

1,178 SF 0.14 ac lot Built 1994
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-1892723
Property summary
AI-generated overview

This exceptional 1,178 square foot restaurant building, situated on a 1.4-acre lot at 6255 Winchester Rd in Memphis, Tennessee (zip code 38115), presents a unique investment opportunity. Located in the Hickory Hill/Southeast Memphis submarket, this Class B property boasts a convenient airport subtype location and features a double drive-thru, ample parking (80 spaces), and existing restaurant infrastructure including a hood and hookups. Built in 1994 and extensively renovated in 2022, the building is currently vacant and ready for immediate occupancy. The property is zoned CMU-2 and serviced by MLGW power. Its high-traffic location and monument signage offer excellent visibility and accessibility. Previously operating as a Krispy Kreme and later a wings restaurant, this space is ideal for a variety of food service concepts, including delivery and takeout options. The single-tenant building sits on a 0.14-acre parcel, offering significant potential for a variety of food-related businesses. This turnkey operation is ready for a new tenant to capitalize on its prime location and existing infrastructure.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Total area 1,178 SF
Lot 0.14 ac (6,055 SF)
Zoning code CMU-2
APN 093-500- - -00423
UPID US80-1892723
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
  • 18 Ways Wings & Things Restaurant
  • The Pull Thru Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
Chase Properties LLC · 2 yrs held
Chase Properties LLC
since 2024
1 recorded transaction
2024
Price N/A
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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