Memphis — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant retail properties net leased to Burger King in Memphis. The properties sold for a total of $6 million to two separate buyers. Matt Burnett of Hanley Investment Group, in association with Scott Reid & ParaSell Inc., represented the seller, a private investor based in Los Angeles, in both transactions. Dispositions included a 2,860-square-foot Burger King property with a drive-thru located less than one mile from the Memphis International Airport, which sold for $3.5 million to a private investor based in New York City. Michael Soleimani of SAB Capital represented the buyer in the transaction. The second transaction was the $2.5 million sale of a 2,124-square-foot, single-tenant Burger King property with a drive-thru located at 5305 Winchester Road in Memphis. Jonathan Selznick of Lee & Associates represented the buyer, a private investor based in Santa Barbara, California, in the transaction.
A 2,124-square-foot Burger King property located at 5305 Winchester in Memphis recently sold for $2.5 million.
Hanley Investment Group Arranges Sales of Two Burger King-Occupied Properties in Memphis
184