Captain D's NNN Property For Sale — Memphis, TN
2815 Perkins Road, Memphis, TN 38118
This Captain D's restaurant, completely rebuilt and reopened in May 2007, represents the brand's prototype model. The property features a 2,667 square foot building with a drive-thru, ample parking, and excellent visibility from a major thoroughfare, enhanced by a prominent monument sign. A new 20-year absolute NNN lease will commence upon sale, with rent increases of 5% every 5 years, ensuring no landlord obligations. This location is strategically positioned in a densely populated area with over 93,000 residents within a 3-mile radius and 216,713 residents within 5 miles. The property benefits from its proximity to Memphis International Airport (3 miles) and direct access to Interstate 240, experiencing high traffic volumes of over 45,000 vehicles per day on Perkins Road, and over 160,0…
- Address: 2815 Perkins Road, Memphis, TN 38118
- Asking price $1.40M
- 7.00% cap rate
- NOI $108,750
- 20 years remaining
- NNN lease
- Year built: 2007
- Building size: 2,667 SF
- Lot size: 0.65 acres
- Rent increases: 5% every 5 years
- Guarantor: Corporate
Location
This Captain D's property is at 2815 Perkins Road in Memphis, Tennessee.
Asset type: Quick Service Restaurant (QSR)