3551 Austin Peay Hwy | Memphis, TN 38128
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- LoopNet Team
3551 Austin Peay Hwy
Memphis, TN 38128
Bojangles · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Lease with Large Rent Increases - 20 year lease with 10% base rent increases every 5 years
- Across the Street from New Raleigh Civic Center - This 67 acre, $45M development
- Proximity to New Amazon Fulfilment Center - Opened in late 2020, this 3.5M SF, $200M Amazon center created over 1,000 full time jobs
- Located at Marketplace at Raleigh Development - Bojangles will join Starbucks & Chick-fil-A at this 8.44 acre development
- Additional Surrounding Development - 10 additional acres in he Raleigh Civic Center are still open for development and targeting multifamily
- Proximity to Nike North American Logistics Campus - The property sits just 4 miles to the east of the $301M distribution center that was built in 2015
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,366 SF
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
CMU-2
Parking
20 Spaces (8.45 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 08-6023-0-0024 | Improvements Assessment | $485,800 |
| Land Assessment | $69,920 | Total Assessment | $555,720 |
PROPERTY TAXES
Parcel Number
08-6023-0-0024
Land Assessment
$69,920
Improvements Assessment
$485,800
Total Assessment
$555,720
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