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2209 Frayser Blvd
Memphis, TN 38127
Burger King Sale-Leaseback · Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
About 2209 FRAYSER BLVD , MEMPHIS, TN 38127
Marcus & Millichap is pleased to present the exclusive listing for the Burger King located at 2209 Frayser Blvd, Memphis, Tennessee. This location is schedule to be remodeled to Burger King' s 20/20 Image beginning March 2017. The property is 2,920 rentable square feet and is situated on a 0.79 acre lot. This Burger King is subject to a 20-year triple-net (NNN), sale-leaseback with Cambridge Franchise Group ( CFG ), a 115-Unit Burger King operator. The lease will commence upon close of escrow and the base annual rent will be $146,250. The lease calls for 7.50% rental increases every five years during the base term and continuing through the four, five-year tenant renewal options. This Burger King property is located at 2209 Frayser Boulevard in Memphis, Tennessee. Memphis is the largest city on the Mississippi River, the third largest in the greater Southeastern United States, and the 23rd largest in the United States. Memphis is the second-largest metropolitan area in Tennessee, surpassed only by metropolitan Nashville.
Property Taxes
| Parcel Number | 07-2055-0-0084C | Improvements Assessment | $365,160 |
| Land Assessment | $28,120 | Total Assessment | $393,280 |
Property Taxes
