2348 Lamar Ave
Memphis, TN 38114
Burger King Sale-Leaseback · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for the Burger King located at 2348 Lamar Avenue, Memphis, Tennessee. This location underwent a full remodel to Burger King' s 20/20 Image completed in March 2017. The property is 2,981 rentable square feet and is situated on a 1.19 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 is located at 2348 Lamar Avenue in Memphis, Tennessee. Memphis is the county seat of Shelby County, south of the confluence of the Wolf and Mississippi rivers. 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.