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Memphis, TN - Starbucks

1420 Union Avenue, Memphis, TN 38104

  • For Sale $2,500,000
  • Property Type Retail - Freestanding
  • Property Size 1,960 SF
  • Property Tenancy Single Tenant
  • Year Built 2019
  • Date Updated Apr 28, 2022
Starbucks is strategically located along Union Avenue with clear visibility and access to an average of 44,600 vehicles passing by daily. The asset is also a quick 7-minute drive into Downtown Memphis via Interstate-69 (119,300 VPD), making this an ideal, centralized location with easy commutes for both employees and customers. The freestanding building is complete with a drive-thru to maximize both sales and convenience to the dense customer base immediately surrounding the site. On average, stores with drive-thrus experience higher sales than those without. The property is ideally situated within a dense retail corridor with many surrounding national/credit tenants including The Home Depot, Kroger, O’Reilly Auto Parts, Walgreens, and others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the site is within walking distance to Le Bonheur Children’s Hospital (255 beds), Methodist University Hospital (583 beds), Regional One Health (631 beds), and other medical practices, making this site a convenient lunch option for patients or faculty. Furthermore, the property is within close proximity to numerous single-family communities and multi-family complexes including Azur Tower (118 units), The Bristol on Union (220 units), Madison Midtown Apartments (220 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 203,700 residents and 143,900 daytime employees, with an average annual household income of $59,092.
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Location

  • City Memphis, TN
  • Neighborhood Midtown Memphis
  • Zip Code 38104
  • Market Memphis

Contacts

Matthew Mousavi

Newport Beach

(949) 698-1116

Frequently Asked Questions

What is the total square footage of Memphis, TN - Starbucks?

Memphis, TN - Starbucks totals 1,960 square feet.

When was this property built?

Memphis, TN - Starbucks was built in 2019.

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Contact Listing Broker

Matthew Mousavi

Newport Beach

(949) 698-1116

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