Burger King 5305 Winchester Rd

CBRE is pleased to present a Corporate Burger King for sale located at 5305 Winchester Rd in Memphis, TN. The property includes a 2,124 SF single tenant drive-thru building on a 1.15-acre street frontage parcel. The property benefits from being uniquely situated on a hard corner, high-traffic intersection, which sees 58,000+ vehicles per day. The Lease is backed by Carrols Corporation, one of the largest restaurant franchisees in North America. Carrols is the largest Burger King franchisee in the United States, currently operating 1,010 restaurants in 23 states as well as 65 Popeyes restaurants in seven states. Carrols has operated Burger King restaurants since 1976 and Popeyes restaurants since 2019. The lease operates under an Absolute NNN Lease with zero Landlord responsibilities whatsoever. Built in 2008, this Burger King has 11 years remaining on the lease, providing a stable and long-term investment opportunity.
On May 16, 2024, Restaurant Brands International Inc (“RBI”) completed its previously announced acquisition of all issued and outstanding shares of Carrols Restaurant Group, Inc. (“Carrols”). With the close of the acquisition, RBI added the largest Burger King (“BK”) franchisee in the United States to its portfolio as part of the Company’s Reclaim the Flame plan. As previously announced, the Company will invest a further $500M to accelerate the reimaging of more than 600 Carrols restaurants.