- For Sale $2,000,000
- Property Type Retail
- Lot Size 0.3 SF
- Date Updated Apr 24, 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
False
Contacts
Location
Getting Around
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Walk Score ®
83/100
Very Walkable
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Transit Score ®
35/100
Some Transit
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Bike Score ®
82/100
Very Bikeable
- City Memphis, TN
- Neighborhood Evergreen
- Zip Code 38112
- Market Memphis
Points of Interest
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Cleveland Street
0.82 miles
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Pauline
1.43 miles
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Dunlap
1.62 miles
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Orleans
1.90 miles
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Danny Thomas
2.20 miles
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Third Street
2.55 miles
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Overton
2.67 miles
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North End
2.68 miles
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Convention Center
2.69 miles
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Civic Center Plaza
2.71 miles
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BP
0.40 miles
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K Circle
0.43 miles
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Kroger
0.54 miles
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Shell
0.55 miles
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Citgo
0.68 miles
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BP
0.69 miles
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Ballingers
0.95 miles
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Valero
1.39 miles
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Mapco
1.40 miles
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Amoco
1.42 miles
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Parkview Parking
0.38 miles
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Memphis Zoo Parking
0.68 miles
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Crosstown Concourse Parking Garage
0.86 miles
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Overton Square Garage
0.86 miles
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POB Parking Garage
0.96 miles
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MUH Parking Garage
1.03 miles
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Associate Parking Garage
1.13 miles
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Pauline Garage
1.31 miles
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Central Parking lot
1.75 miles
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CBU Resident Parking
1.81 miles
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India Palace
0.04 miles
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Taco Bell
0.06 miles
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Subway
0.12 miles
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Frida's Mexican Restaurant
0.34 miles
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Marco's Pizza
0.34 miles
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Casablanca Mediterranean Cuisine
0.36 miles
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Onix Restaurant
0.37 miles
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The BBQ Shop
0.38 miles
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Blue Nile Ethiopian Kitchen
0.39 miles
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Ecco on Overton Park
0.42 miles
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Cash Saver
0.32 miles
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Kroger
0.56 miles
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Viet Hoa Food Market
0.72 miles
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The Fresh Market
1.05 miles
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Kroger
2.64 miles
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Peabody Place
2.73 miles
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Cordelia's Market
3.08 miles
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Kroger
3.27 miles
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High Point Terrace Shopping Center
3.74 miles
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High Point Grocery
3.74 miles
Frequently Asked Questions
What is the lease rate for Scooter's Coffee | Brand New 15 Year Absolute NNN Lease?
Rental asking rate at Scooter's Coffee | Brand New 15 Year Absolute NNN Lease is $1,000,000.00/YR.
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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