Open & Operating Restaurants

Property Information

Description:

Sharky’s Gulf Grill on the South side of Poplar, just East of Ridgeway in Memphis, TN. 8 M sf of Class A Office Space within 1 mile of site.

Address:

6201 Poplar Avenue, Memphis, TN 38119, USA

Price:

$230,000.00 NNN, thru 7-31-14; $253,000 8-1-14 thru 7-31-19, Sales Price $3.2 Million

Size:

1.33 acres

    Demographics:

  • 2012 Demographics1 Mile3 Miles5 Miles
    Population 7,528 67,549 224,856
    Avg HH Income $106,221 $85,085 $72,391
    Daytime Population 27,277 68,342 128,433

    Property Highlights:

  • 8 M sf of Class A Office Space within 1 mile of site.
  • 6,291 sf bldg with 110 parks currently leased to Sharky’s Gulf Coast Grill until 7-31-19
  • Two(2) Five(5) Year Options thru 7-31-29.
  • Rent $230,000.00 NNN, thru 7-31-14; $253,000 8-1-14 thru 7-31-19.
  • 2013 RE Taxes $5,950/mo. 1st 5 year option, $278,300/yr, NNN, 2nd 5yr option, $306,130/yr, NNN.
  • Open & Operating Restaurant; shown by appt. only!

    Traffic:

  • Traffic CountLocationCount
    Traffic Count (2012 ADT)Poplar Ave at Ridgeway 53,959
    Traffic Count (2012 ADT)Ridgeway Rd just South of Poplar 22,726

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