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Scooter’s Coffee 1698 Poplar Ave 806 SF Retail Building Memphis, TN 38104 $1,805,000 ($2,239.45/SF) 6.65% Cap Rate
Executive Summary
New Construction Absolute Net Lease
• Brand new 2023 construction drive-thru coffee property
• Absolute NNN lease structure with zero landlord responsibilities
• Passive investment opportunity providing predictable cash flow
• Long-term lease with built-in rental escalations
Strong Tenant & Growing Brand
• Leased to Scooter’s Coffee, one of the fastest-growing drive-thru coffee concepts in
the U.S.
• Established national brand with 800+ locations nationwide
• Franchise-driven expansion strategy supporting continued national growth
• Strong consumer demand within the specialty coffee / QSR beverage sector
Prime Memphis Retail Corridor
• Located along Poplar Avenue, one of Memphis’ major commercial thoroughfares
• Strong visibility and convenient access within a dense urban trade area
• Positioned near established residential neighborhoods, employment centers, and
retail demand drivers
• Dense daytime population supporting consistent drive-thru traffic
Strong Memphis Market Fundamentals
• Memphis MSA population of approximately 1.3 million residents
• Major corporate presence including FedEx, AutoZone, International Paper, and St.
Jude Children’s Research Hospital
• National logistics hub supported by Memphis International Airport and extensive
transportation infrastructure
• Favorable business climate and diversified regional economy
• Brand new 2023 construction drive-thru coffee property
• Absolute NNN lease structure with zero landlord responsibilities
• Passive investment opportunity providing predictable cash flow
• Long-term lease with built-in rental escalations
Strong Tenant & Growing Brand
• Leased to Scooter’s Coffee, one of the fastest-growing drive-thru coffee concepts in
the U.S.
• Established national brand with 800+ locations nationwide
• Franchise-driven expansion strategy supporting continued national growth
• Strong consumer demand within the specialty coffee / QSR beverage sector
Prime Memphis Retail Corridor
• Located along Poplar Avenue, one of Memphis’ major commercial thoroughfares
• Strong visibility and convenient access within a dense urban trade area
• Positioned near established residential neighborhoods, employment centers, and
retail demand drivers
• Dense daytime population supporting consistent drive-thru traffic
Strong Memphis Market Fundamentals
• Memphis MSA population of approximately 1.3 million residents
• Major corporate presence including FedEx, AutoZone, International Paper, and St.
Jude Children’s Research Hospital
• National logistics hub supported by Memphis International Airport and extensive
transportation infrastructure
• Favorable business climate and diversified regional economy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
806 SF
Building Class
B
Year Built
2023
Price
$1,805,000
Price Per SF
$2,239.45
Cap Rate
6.65%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.30 AC
Zoning
CH - Commercial Highway
Frontage
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-0062-0-0011C | Improvements Assessment | $207,280 |
| Land Assessment | $86,440 | Total Assessment | $293,720 |
Property Taxes
Parcel Number
02-0062-0-0011C
Land Assessment
$86,440
Improvements Assessment
$207,280
Total Assessment
$293,720
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Scooter’s Coffee | 1698 Poplar Ave
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