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Taco Bell | Memphis, TN 2702 S Perkins Rd
2,200 SF Retail Building Memphis, TN 38118 $2,236,000 ($1,016/SF) 6% Cap Rate
Investment Highlights
- Seasoned Operator - 109+ Restaurants, 6 States
- Absolute NNN Lease - 10% Rental Increases Every 5 Years
- 10 Mins from FedEx World Hub - 11,000 Employees, 880 Acres
- Thirteen (13.3) Years Remaining - Plus 6 - 5 Year Options
- 204K Residents Within 5 Miles - Strong Street Frontage (39K CPD)
- Retail & Hotel Corridor - Minutes from Memphis International Airport
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Accommodation and Food Services | - | - | Triple Net | - |
PROPERTY TAXES
Parcel Number | 07-4001-0-0235 | Improvements Assessment | $101,080 |
Land Assessment | $65,600 | Total Assessment | $166,680 |
PROPERTY TAXES
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Taco Bell | Memphis, TN | 2702 S Perkins Rd
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