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- LoopNet Team
3144 S 3rd St
Memphis, TN 38109
KFC | 20yr Abs NNN | DriveThru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Sale Leaseback | Personal & Franchisee Guaranty | Rental Increases
- Signalized, Hard Corner Intersection | Interstate 55 (81,000 Vpd) | Drive-Thru Equipped | Large Pylon Sign
- Dense Population in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Services Dense Industral Trade Area | Close Proximity to the International Port of Memphis | Limited Competition
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
ABOUT 3144 S 3RD ST , MEMPHIS, TN 38109
Kentucky Fried Chicken is strategically located at the signalized, hard corner intersection of East Brooks Road and South 3rd Street. The property is located less than 1 mile south of Interstate 55, a major north/south thoroughfare for the state of Tennessee. 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 site services a dense, nearby industrial trade area, which includes businesses such as FedEx Freight, Sherwin-Williams Distribution Center, and more. Additionally, the asset is within close proximity to the International Port of Memphis (7,145+ employees), providing a direct consumer base to draw from. Kentucky Fried Chicken is one of the only national restaurants in the immediate area, limiting competition.
PROPERTY TAXES
| Parcel Number | 05-0122-0-0001C | Improvements Assessment | $170,200 |
| Land Assessment | $82,600 | Total Assessment | $252,800 |
PROPERTY TAXES
