BP/Dairy Queen – Cordova, TN

BP/Dairy Queen – Cordova, TN

BP/Dairy Queen – Cordova, TN
101 S Houston Levee Road
Cordova, TN 38016

$ 3,777,000

Cap Rate 6.88%
Gross Leasable Area (GLA) 7,601
Price Per Square Foot (GLA) $ 497
Year Built 2009
Lot Size 1.84 Acres
  • 20 Year Absolute NNN Property
  • Prime Signalized Corner
  • Strong Multi Unit Operator
  • 140,000 Residents in a Five-Mile Radius
  • Excellent Upside Rental Increases
  • National Branding
  • Located In The Strongest Retail Submarket in Memphis
  • Strong Store Sales
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: BP/Dairy Queen – Cordova, TN (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to have sold one of America’s top brands and fast food chain restaurants Dairy
Queen and BP Gasoline. This desirable Dairy Queen – BP Unit franchise is located in Cordova, Tennessee (Memphis MSA). The property is positioned on a signalized hard corner the property has excellent visibility and curb appeal. Located on one of the city’s main thoroughfares with excellent traffic counts and demographics. This location has very little direct fast food or fuel competition and excellent sales.

The Dairy Queen is owned and operated by a strong, proven multi unit operator. Offering the property as an attractive sale leaseback investment as they continue to grow and focus on operations. The property sold for $3,777,000 which is a 6.88% Cap with 10% rent increases every five years.

For More Information, Please Contact:

James Medefind

Senior Associate