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- LoopNet Team
2785 Lamar Ave
Memphis, TN 38114
KFC & Taco Bell | 20yr Abs NNN | DriveThru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Sale Leaseback | Personal & Franchisee Guaranty | Rental Increases | Dual Concept Resturant
- Busy, Signalized, Hard Corner Intersection (46,900 Vpd) | Interstate 240 (143,500 Vpd) | Large Pylon Sign | Drive-Thru Equipped
- Dense Population in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Primary Retail Corridor | Close Proximity to Memphis Deport Industrial Parl (4.2 Million SF)
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 2785 LAMAR AVE , MEMPHIS, TN 38114
The Kentucky Fried Chicken and Taco Bell dual concept is strategically located at the three-way, signalized, hard corner intersection of Kimball Avenue, Pendleton Street, and Lamar Avenue, averaging 46,900 combined vehicles passing by daily. The site is less than 1 mile from Interstate 240 (143,500 VPD), with convenient on/off ramp access. The asset has excellent visibility due to its large pylon sign. The building is equipped with a drive-thru lane, providing ease and convenience for consumers. On average, stores with drive-thrus experience higher sales than those without. The property is ideally located in a primary retail corridor servicing the city of Memphis with nearby national/credit include ALDI, Walgreens, Advance Auto Parts, Family Dollar, Dollar Tree, Dollar General, and more increasing crossover traffic and draw to the area. The site is within close proximity to an industrial trade area, which includes Memphis Depot Industrial Park (4.2 Million SF), further increasing draw to the area. The 5-mile trade area is supported by a population of more than 236,000 residents with an average household income of $59,446.
PROPERTY TAXES
| Parcel Number | 05-9019-0-0002 | Improvements Assessment | $231,720 |
| Land Assessment | $63,720 | Total Assessment | $295,440 |
PROPERTY TAXES
