Logan's Roadhouse

7755 Winchester Road, Memphis, TN

$1,914,000

Price

8,060 sqft

Building Size

1.65 acres

Lot Area

Overview
Building Size
8,060 sqft
Lot Area
1.65 acres
Occupancy
100%
Year Built
2004
Description

The subject property is a Corporately Guaranteed Ground lease Logan's Roadhouse located in Memphis, Tennessee. The original 15-year lease was signed in 2004 and in 2019 the tenant agreed to extend the lease for an additional five (5) years through 2024. The Logan's is situated on Winchester Road and HWY 385, surrounded by strong retail, dense population, and a large office market including the FedEx World Headquarters. The property has excellent visibility, with frontage on Winchester Rd. where traffic counts exceed 35,000 vehicles per day, and just off HWY 385 where traffic counts exceed 100,000 vehicles per day

Memphis, Tennessee is the largest city on the Mississippi River. Located within Shelby County, Memphis is a vibrant and historic city. It is the second largest city within Tennessee, and brings in a large amount of tourists because of its famous and historical landmarks. Known as the "Birthplace of Rock and Roll," the city holds a significant amount of history within it's boarders. The residents of Memphis take pride in their city, and are usually known as "Memphians."

Highlights
  • Over 15 Years of Operating History
  • Zero Landlord Responsibilities
  • Tax-Free State
  • Corporately Guaranteed
  • In 2019 Tenant Executed 5-Year Extension Through 2024
  • Attractive 10% Rental Increase Every 5 Years
  • Out parcel to Best Buy and Burlington and Adjacent to Lowe's, Home Depot, Super Walmart. Across from LA Fitness, Marshall's, Dick's, JC Penny Anchored Center and Numerous National Retailers and Restaurants
  • Located Near FedEx World Headquarters (3,200 Employees) and Sedgwick Headquarters
  • High Visible Traffic Counts: 35,000 Vehicles/Day (Winchester Rd.) | 100,000 Vehicles/Day (Hwy 385)
  • Population Density of Roughly 169,000 Within A Five-Mile Radius
  • Located in an Affluent Area of Memphis with Average Household Incomes Exceeding $80,000 Within a Five-Mile Radius
  • Population: 67,100 (3 Mile) | 167,400 (5 Mile)
  • New Developments in The Area (Subaru Dealership, 160 Luxury Apartments, and Holiday Inn)
Documents
Location