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2177 Frayser Blvd 2,160 SF Retail Building Memphis, TN 38127 $2,736,454 ($1,266.88/SF) 5.50% Cap Rate

Retail Spaces Tennessee Memphis 2177 Frayser Blvd, Memphis, TN 38127

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INVESTMENT HIGHLIGHTS

  • Build-to-Suit Relocation Store (2021 Construction): Purpose-built Wendy’s developed in 2021 as a relocation just four parcels away
  • Institutional-Grade Tenant: Meritage Hospitality Group Guaranty: Operated by Meritage (NASDAQ: MHGU), the largest Wendy’s franchisee with 350+ units
  • Tax-Advantaged Location: Tennessee is an income tax-free state to those who qualify, contributing to stronger net returns for investors
  • Adjacent to Major Employment Drivers: Positioned minutes from the 2.8M SF Nike Logistics Campus (~1,600 employees) and a 1M+ SF Amazon Center
  • Long-Term Absolute NNN Lease: Over 16 years remaining on a true NNN lease, offering passive income with no landlord responsibilities

EXECUTIVE SUMMARY

Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,160 SF
Building Class
B
Year Built
2021
Price
$2,736,454
Price Per SF
$1,266.88
Cap Rate
5.50%
NOI
$150,505
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.67 AC
Zoning
CS - Commercial services zoning
Parking
4 Spaces (1.85 Spaces per 1,000 SF Leased)

LINKS

1 1

NEARBY MAJOR RETAILERS

Kroger
Regions Bank
Rent-A-Center
First Horizon Bank

PROPERTY TAXES

Parcel Number 07-2055-0-0003C Improvements Assessment $534,480
Land Assessment $39,160 Total Assessment $573,640

PROPERTY TAXES

Parcel Number
07-2055-0-0003C
Land Assessment
$39,160
Improvements Assessment
$534,480
Total Assessment
$573,640
(949) 207-6396

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 39016921

  • Date on Market: 1/8/2026

  • Last Updated:

  • Address: 2177 Frayser Blvd, Memphis, TN 38127

More public record information on 2177 Frayser Blvd, Memphis, TN 38127

The Frayser Retail Property at 2177 Frayser Blvd, Memphis, TN 38127 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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2177 Frayser Blvd
(949) 207-6396 x

2177 Frayser Blvd

Vincent Renna
(949) 207-6396

Cade Norland
(949) 662-2265

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