4030 Singleton Pky
Memphis, TN 38128
Pizza Hut · Retail Property For Sale

Marcus & Millichap is pleased to present a free standing Pizza Hut restaurant located in Memphis, TN. The subject property was built in 2000 and is situated just off the hard intersection of Singleton Pkwy (22,000 VPD) and Austin Peay Hwy (28,000 VPD). The subject site sits adjacent to Walgreens and Firestone Auto Care, even sharing a common road to access an entrance point. Pizza Hut directly benefits from the extra traffic that Walmart Supercenter and Kroger generate from adjacent corners. Also, several blocks away is Methodist North Hospital, a 246 bed community hospital. The Spring Gate Rehab and HealthCare Center, a 233 bed rehab hospital, is situated behind Methodist North Hospital. Pizza Hut has five years remaining on an absolute net lease, which features 4 5 year options with increases. The lease is guaranteed by NPC International, the world' s largest Pizza Hut franchisee. Memphis is a city in the southwestern corner of the U.S. state of Tennessee and the county seat of Shelby County. The city is located on the fourth Chickasaw Bluff, south of the confluence of the Wolf and Mississippi rivers. Memphis has a population of over 650,000, making it the largest city in the state of Tennessee. It is the largest city on the Mississippi River, the third largest in the greater Southeastern United States, and the 23rd largest in the United States. The greater Memphis metropolitan area, including adjacent counties in Mississippi and Arkansas, had a 2014 population of 1,317,314. This makes Memphis the second-largest metropolitan area in Tennessee, surpassed only by metropolitan Nashville. Memphis is the home of three Fortune 500 companies: FedEx (no. 63), International Paper (no. 107), and AutoZone (no. 306). The city's central geographic location has been strategic to its business development. Co-Listed with Don McMinn: BOR - Tennessee - Jody McKibben License: 307629