645 Mulberry Ave Selmer, TN 38375-3242

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 3,119 square-foot Burger King restaurant located at 645 Mulberry Ave, Selmer, Tennessee, 38375. The property sits on a 1.1-acre lot and boasts a prominent drive-thru window. The current lease, an absolute NNN net lease with no landlord responsibilities, features a remaining term of 8.7 years, extending to July 31, 2033, with four 5-year renewal options. The lease includes a 10% rental increase every five years, providing consistent growth potential. The property benefits from a high-traffic location, with over 16,000 cars passing daily. The strong financial performance is further secured by the Burger King corporate guarantee. The asking price is $1,500,000, translating to $480.92 per square foot. This is a 100% occupied, single-story building, ideal for a 1031 exchange. The property's features, including the long-term lease, built-in rent increases, and corporate guarantee, make it a compelling investment opportunity in the thriving Selmer, Tennessee market. The property is offered in fee-simple ownership.