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- LoopNet Team
3255 Austin Peay Hwy
Memphis, TN 38128
KFC w/ DriveThru | 20Yr Abs NNN w/ Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Sale Leaseback | Personal & Franchisee Guaranty | Rental Increases
- Near Signalized Hard Corner Intersection | Just Off I-40
- Dense Retail Corridor | 1 Block South of Raleigh Town Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Drive-Thru Equipped | 2017 Remodel | Large Pylon Sign
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 3255 AUSTIN PEAY HWY , MEMPHIS, TN 38128
KFC is strategically located near the signalized intersection of Austin Peay Highway and Coleman Road with 46,900 combined vehicles passing by daily. The asset is also less than 2 miles off of Interstate 40 with convenient on/off ramp access. The site has excellent highway frontage and increased visibility due to its large pylon sign. Nearby national/credit tenants include Walmart Supercenter, Kroger, Dollar Tree, Save-A-Lot, dd’s Discounts, Conn’s HomePlus, and more, increasing consumer traffic and promoting crossover shopping to the subject property. In addition, the KFC is just 1 block south of the Raleigh Town Center redevelopment (currently under construction). The first phase of the project consists of a new library, police precinct, skate park, and an 11-acre lake with a walking trail. The city also has set aside 20 acres of land for future development.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $203,160 | |
| Land Assessment | $80,400 | Total Assessment | $283,560 |
PROPERTY TAXES
