854 University St Martin, TN 38237-1626
- Drive through restaurants
- 4,068 SF
- 1.30 lot acres
Current Use by Public Records
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 854 University St
- Year built
- 1982
- Lot size
- 1.30 lot acres
- Property size
- 4,068 SF
- Property type
- Drive through restaurants
- APN
- 092073 04508
- APU
- 9207304508
Description
This exceptional investment opportunity presents a 4,068 square foot Burger King located at 854 University St, Martin, TN 38237. The property boasts a strong 6.15% cap rate and an absolute NNN lease with approximately 11.5 years remaining on the base term, ensuring minimal landlord responsibilities and 100% passive income. The lease is guaranteed by Tennessee Quality, LLC, a wholly-owned subsidiary of Carrols Corporation, the largest Burger King franchisee, recently acquired by Restaurant Brands International, providing exceptional financial backing. Situated near the University of Tennessee at Martin, a Division I college with consistent enrollment, this location benefits from high traffic and visibility. The property's proximity to numerous national retailers, including Rural King, McDonald's, Taco Bell, Cook Out, Zaxby's, Advance Auto Parts, and a Walmart Supercenter, further enhances its appeal and potential for continued success. Built in 1982, this Burger King benefits from a recent remodel, increasing the likelihood of long-term tenant occupancy. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with a strong tenant and significant remaining lease term. The asking price is $1,559,040.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,665,000
- 6.5%
- $1,510,000
- 7%
- $1,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,355,000
- Geo Method
- $1,560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,870,000
- Retail
- $1,885,000
- Mixed-Use
- $1,760,000
- Hospitality
- $1,405,000
- Educational
- $1,935,000
- Residential Income
- $1,440,000
- Energy
- $1,930,000
- Income-Based Land
- $1,690,000
- Food Service
- $1,555,000
Location Insight
- Map
- Local Demand
- City
- Martin
- County
- Weakley
- State
- Tennessee
- Longitude
- -88.8764
- Latitude
- 36.3484
- CBSA code
- 32280
- CBSA name
- MARTIN, TN MICROPOLITAN STATISTICAL AREA
