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3329 Austin Peay Hwy
Memphis, TN 38128

$1,736,000 USD

Freestanding For Sale  •  22,630 SF

Property Details

• Property Type Freestanding
• Total Building Size 22,630 SF
• Lot Size 1.57 AC
• Building Class B
• Year Built 1972
• Tenancy Single
• Zoning CP

30 Transit Score

57 Walk Score

Highlights

Well-below market rent | Purchase price of $76/SF

Rent increase of 10% in April 2026 | Blended cap rate of 6.66% over initial lease term

Complete building renovation in 2021 funded by tenant

Minimal landlord responsibilities | Tenant pays for taxes, insurance and CAM

Corporate lease | Backed by over 180 locations across the world

Less than half mile from new retail development which includes Chick Fil A, What-A-Burger, Starbucks, Bojangles, Chase Bank, and more

Amenities

• Bus Line
• Pylon Sign
• Security System
• Signage
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Memphis International	22 min	-	14.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	60
Type:	Surface
Included in Rent:	Yes