Burger King

Investment Overview

Investment Highlights

• Absolute Triple Net (NNN) Lease Structure | Zero Landlord Responsibilities
• Approximately 9+ Years Remaining On Original Lease Term | Original 20-Year Lease Commenced January 6, 2016 | Anticipated Lease Expiration January 2036
• Established Franchise Operator: Tennessee Quality, LLC | Lease Guaranteed By Tennessee Quality, LLC, An Affiliate Of Carrols Restaurant Group, One Of The Largest Burger King Franchise Operators In The U.S., Acquired By Restaurant Brands International (NYSE: QSR) In 2024
• Strong Surrounding Population: 2025 Population Exceeds 73,600 Within 3 Miles And 193,100 Within 5 Miles | 1-Mile Population Projected To Grow To 3,909 By 2030
• Excellent Visibility & Access | Signalized Intersection: Three Points Of Ingress/Egress At The Lighted Intersection Of Lamar Avenue And Democrat Road | Combined Daily Traffic Counts Exceed 50,000 Vehicles
• Proximity To Memphis International Airport & FedEx World Hub: Located Approximately 2–3 Miles From Memphis International Airport And The FedEx World Hub | FedEx World Hub Employs Approximately 13,000 People And Is One Of The Largest Air Cargo Operations In The World
• Major Employers And Economic Drivers: Memphis Is Home To AutoZone, International Paper, St. Jude Children's Research Hospital, And Major Healthcare And Distribution Operations | Strong Regional Employment Base Supported By Logistics, Transportation, Healthcare, And Manufacturing
• Located In Shelby County, Tennessee: Most Populous County In The State | Memphis Serves As A Major Economic, Logistics, And Distribution Hub For The Mid-South Region
• Globally Recognized Quick-Service Restaurant Brand: Burger King Operates More Than 19,000 Restaurants Worldwide | Established Brand With Over 70 Years Of Operating History