About This Restaurant
Investment Highlights
Absolute NNN lease structure with no landlord responsibilities providing passive ownership Situated near the intersection of of Riverdale Road and Winchester Road with over 73,300 VPD at the intersection Open and operating location with very strong sales Brand new 2024 construction and 15-year lease term with 10% rent increases every 5 years Dense retail corridor home to numerous national tenants including IHOP, Jiffy Lube, Home Depot, McDonald?s, Walgreens, and Waffle House, among others
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 664
- Year Built 2024
- Price 1,714,286
- Price Per SF 2,582
- Cap Rate 7
- NOI 120,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 0.89 AC
Nearby Amenities & Transportation
| Retail | Scooter's Coffee | ||
| Retail | IHOP | ||
| Retail | Krystal | ||
| Retail | Waffle House | ||
| Retail | Fazoli's | ||
| Retail | Planet Fitness | ||
| Retail | Lenny's Grill & Subs | ||
| Retail | Bank of America | ||
| Retail | Bestway Rent-To-Own | ||
| Retail | First Horizon Bank |
Property Taxes
| Parcel Number | 093-500- - -00622 | Improvements Assessment | $164,320 |
| Land Assessment | $1,080 | Total Assessment | $165,400 |
| Date Created: | 2024-07-16 04:23:38 | Last Updated: | 2024-07-16 04:23:38 |
| Address: | 3730 Riverdale Rd , Memphis, Tennessee, 38115 | ||