854 University St Martin, TN 38237-1626
Property profile & analytics
854 University St, Martin, TN 38237-1626
- Drive through restaurants
- 4,068 SF
- 1.30 lot acres
Property ID
US80-1339746
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Burger King / Restaurant
Property Details for 854 University St
- Year built
- 1982
- Lot size
- 1.30 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,520,000
- ML approach
- $1,520,000
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$143,000
$281,360
$424,360
-
$357,500
$703,400
$1,060,900
