3100 Forest Hill Irene Road

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3100 Forest Hill Irene Road

Germantown, TN 38138
Asking Price
$2.40M
Cap Rate
5.01%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

284k 1-Mile AHHI | Outstanding 4.3% Rent-To-Sales | 35+ Location Locally Based Operator <ul><li>​High Image STNL Investment with Exceptional Fundamentals</li><li>​Long-Term Lease with 3% Annual Increases</li><li>​Iconic, Restaurant Brand with Deep Memphis Roots Dating back to 1953 | 35+ Locations Across 15 States</li><li>​Strong Performing Location with 4.3% Rent-to-Sales Ratio</li><li>​Outparcel to the Shops of Forest Hill, a Target & Sprouts-Anchored Shopping Center (Ranked in Top 13% of Community Centers in TN)</li><li>​Irreplaceable Germantown, TN Trade Area Location with Outst

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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.70%
Monthly Payment
$11,898.628
Annual Cash Flow
$-62,783.533

Location & Travel Times