Scooter's Coffee | Brand New 15 Year Absolute NNN Lease

1698 Poplar Ave, Memphis, TN 38112

  • For Sale $2,000,000
  • Property Type Retail
  • Lot Size 0.3 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 30, 2024

The Snyder Carlton National Net Lease Team is pleased to present to qualified investors an opportunity to purchase a brand new single tenant NNN asset in Memphis, TN leased to Scooter’s Coffee – one of the fastest growing drive-thru coffee franchises in the US with over 650 locations. In 2023, Scooter’s Coffee was ranked No. 59 on Entrepreneur’s Franchise 500 list and is striving to become the No. 1 drive-thru coffee franchise in the nation. The brand-new long-term absolute triple-net lease features a 15-year primary term, two 5-year option periods, 10% rental increases every 5 years, and a personal guarantee—ideal for a 1031 exchange asset or a coupon clipper seeking years of inflation resistant income.

The 669 SF drive-thru kiosk on 0.3-acre parcel is strategically located on the hard corner signalized intersections of Poplar Ave, N Belvedere Blvd, and N Evergreen St, which has a combined traffic count exceeding 33,900 VPD, and has excellent ingress and egress. Nearby retailers include The Home Depot, Walgreens, Kroger, Family Dollar, Chick-fil-A, McDonald’s, Popeye’s, Taco Bell, Wendy’s, and more.

This is an excellent opportunity to purchase an absolute NNN leased drive-thru asset in Tennessee’s second largest city with a long-term lease, 10 years in options, rent increases, no landlord responsibilities, and a personal guarantee providing investors with years of inflation resistant cash flows.

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Attachments

Contacts

broker

Eric Carlton

Colliers

broker

Jereme Snyder

broker

Jake Haggard

broker

Andrew Phillips

Colliers

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable
  • Transit Score ®

    35/100 Some Transit
  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Memphis, TN
  • Neighborhood Evergreen
  • Zip Code 38112
  • Market Memphis

Points of Interest

  • Cleveland Street

    0.82 miles

  • Pauline

    1.44 miles

  • Dunlap

    1.62 miles

  • Orleans

    1.90 miles

  • Danny Thomas

    2.23 miles

  • Third Street

    2.55 miles

  • Overton

    2.67 miles

  • North End

    2.68 miles

  • Convention Center

    2.69 miles

  • Civic Center Plaza

    2.71 miles

  • BP

    0.40 miles

  • K Circle

    0.43 miles

  • Kroger

    0.54 miles

  • Shell

    0.55 miles

  • Citgo

    0.68 miles

  • Exxon

    0.84 miles

  • Ballingers

    0.95 miles

  • Valero

    1.39 miles

  • ChargePoint

    6.53 miles

  • Tesla Supercharger

    8.78 miles

  • Parkview Parking

    0.38 miles

  • Memphis Zoo Parking

    0.68 miles

  • Crosstown Concourse Parking Garage

    0.86 miles

  • Overton Square Garage

    0.86 miles

  • POB Parking Garage

    0.96 miles

  • MUH Parking Garage

    1.04 miles

  • Associate Parking Garage

    1.13 miles

  • Pauline Garage

    1.31 miles

  • Central Parking lot

    1.75 miles

  • CBU Resident Parking

    1.81 miles

  • India Palace

    0.04 miles

  • Taco Bell

    0.06 miles

  • Subway

    0.12 miles

  • Frida's Mexican Restaurant

    0.34 miles

  • Marco's Pizza

    0.34 miles

  • Casablanca Mediterranean Cuisine

    0.36 miles

  • Onix Restaurant

    0.37 miles

  • The BBQ Shop

    0.38 miles

  • Blue Nile Ethiopian Kitchen

    0.39 miles

  • Ecco on Overton Park

    0.42 miles

  • Cash Saver

    0.32 miles

  • Kroger

    0.56 miles

  • Viet Hoa Food Market

    0.72 miles

  • The Fresh Market

    1.05 miles

  • Peabody Place

    2.73 miles

  • Superlo Foods

    2.75 miles

  • Cordelia's Market

    3.08 miles

  • High Point Terrace Shopping Center

    3.74 miles

  • High Point Grocery

    3.74 miles

  • ALDI

    4.16 miles

Frequently Asked Questions

How much does Scooter's Coffee | Brand New 15 Year Absolute NNN Lease cost?

The space currently listed for sale at Scooter's Coffee | Brand New 15 Year Absolute NNN Lease asks for $2,000,000.

What is the total square footage of Scooter's Coffee | Brand New 15 Year Absolute NNN Lease?

Scooter's Coffee | Brand New 15 Year Absolute NNN Lease totals 669 square feet.

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Contact Scooter's Coffee | Brand New 15 Year Absolute NNN Lease