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2994 Poplar Ave
Memphis, TN 38111
McDonald's · Retail Property For Sale
Investment Highlights
- Operating since 1981 with 2016 renovations.
- Below-market rent creates tenant stability and built-in upside; first increase in two years raises cap to 5.0%.
- Three 5-year automatic options remaining.
- 15% increases every five years dramatically outpace inflation and market norms for exceptional long-term income growth.
- 2016 restaurant renovation and new parking resurface ensure optimal condition with no near-term capital needs.
- Only McDonald's on this Poplar stretch with 30,000+ daily vehicles; neighbors include Kroger, Walgreens, Starbucks.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,804 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.97 AC
Zoning
CH - Highway Commercial
Parking
46 Spaces (12.09 Spaces per 1,000 SF Leased)
Frontage
140’ on Poplar Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 04-4012-0-0023 | Improvements Assessment | $514,440 |
| Land Assessment | $171,800 | Total Assessment | $686,240 |
Property Taxes
Parcel Number
04-4012-0-0023
Land Assessment
$171,800
Improvements Assessment
$514,440
Total Assessment
$686,240
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