Matthews Logo

Navigation Menu

1027 Union Avenue, Memphis, TN, 38104

Burger King
$2,869,582

Key Information

Cap Rate
6.5%
Tot. SF
3,734
Lot Size
0.86 Acres
Year Built
1997
Type
Retail
NOI
$186,522

Highlights

  • World Renowned Brand: Burger King first opened in 1954 and now has 19,300+ locations in over 100 countries.
  • Strong Visitation: Per AlphaMaps, this is the highest trafficked Burger King in the city of Memphis with over 36,000+ visits per month, on average.
  • Institutional Grade Operator: The tenant is Nashville Quality, LLC, a wholly owned subsidiary of Carrols Corporation, the largest Burger King franchisee in the U.S. with approximately 1,000 units, recently acquired by Restaurant Brands International – Burger King’s parent company – further enhancing operational stability and corporate oversight.
  • Strategic Infill Location: This property is located in Midtown Memphis on Union Avenue (±37,500 VPD), directly off I-240 (±75,000 VPD) and less than ±1.5 miles away from the FedEx Forum, which is home to the NBA’s Memphis Grizzlies. The 3 mile radius surrounding the property is home to 100,000 residents across 44,275 households.
  • Nearby Traffic Drivers: The site is located directly down the street from the Memphis Medical District, which houses 5 hospitals with combined counts of over 2,200 beds and 30,000 medical professionals. In addition, the site exhibits co-tenancy from strong national tenants such as Home Depot, Kroger, Aldi, Chick Fil A, McDonalds, Taco Bell, Starbucks, 7 Brew, KFC, Arby’s, and Popeyes to name a few.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203