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727 S Highland St 2,531 SF of Retail Space Available in Memphis, TN 38111
SUBLEASE HIGHLIGHTS
- Features: Existing drive-thru Located on South Highland, the main retail corridor Close to University of Memphis Main Campus (21,736 students)
- Demographics: 1 mile: Population 14,622; Daytime 13,445; Avg HH Income $71,400 3 miles: Population 92,459; Daytime 90,362; Avg HH Income $91,422
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,531 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This restaurant property at 727 S Highland Street in Memphis, TN, provides a prime location in a vibrant retail corridor within the University of Memphis District. The site benefits from strong traffic counts and a dense surrounding population, making it ideal for food service operators seeking exposure to students, faculty, and local residents. With an existing drive-thru and proximity to major campuses, this property offers a strategic opportunity for quick-service or fast-casual dining concepts.
- Sublease space available from current tenant
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 727 S HIGHLAND ST, MEMPHIS, TN 38111
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- KFC
- Fast-food
- 4,982
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| KFC | Fast-food | 4,982 | International |
PROPERTY FACTS
| Total Space Available | 2,531 SF | Gross Leasable Area | 2,531 SF |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Fast Food | Parking Ratio | 9.48/1,000 SF |
| Total Space Available | 2,531 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,531 SF |
| Year Built | 1998 |
| Parking Ratio | 9.48/1,000 SF |
ABOUT THE PROPERTY
The property is a freestanding restaurant building located at 727 S Highland Street, Memphis, TN 38111, positioned on the northwest corner of South Highland Street and Carnes Avenue in the University of Memphis District. The building includes a drive-thru and is situated along South Highland, the main retail corridor for the area. Its location offers excellent visibility and accessibility, with close proximity to the University of Memphis Main Campus (21,736 students) and Park Avenue Campus.
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
