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Dutch Bros 3495 Austin Peay Hwy 1,025 SF Retail Building Memphis, TN 38128 $3,029,618 ($2,955.72/SF) 5.50% Cap Rate
Investment Highlights
- $45M Civic Center Redevelopment Across the Street Created High New Development Energy | Many New National Tenants in this Area
- PRIME HIGHWAY ACCESS & STRONG VISIBILITY
- 5 Mile Population 152,710
- Just off Austin Peay Highway Seeing 36,990 VPD
- Located Near a Busy Signalized Intersection | 17,024 ADTC on Yale Rd
- 10% Rental Rate Increases Every 5 Years
Executive Summary
Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Memphis, Tennessee. Dutch Bros is a rapidly expanding tenant with goals of reaching 2,029 stores by 2029 as well as annual revenue growth of 20%. This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The lease also features a strong corporate guaranty. The store has completed construction & successfully opened for business in June 2026.
This Dutch Bros is located off of the Austin Peay Highway (seeing 36,990 cars per day) in front of a Save-A-Lot anchored shopping center. Situated on a main retail thoroughfare, this site is surrounded by residential homes. In 2020, the civic center across the street completed a $45 Million redevelopment that activated this area with new development! Since then Chick-fil-A, Whataburger, Starbucks and many other tenants in the immediate surrounding area have opened new locations here. The 5 mile population from the site is 152,710. The 1 mile household income is $78,520. The 5 mile consumer spending is a huge $1.4 BILLION. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $166,629.
Instate Broker of Record: Brian Brockman | Bang Realty
This Dutch Bros is located off of the Austin Peay Highway (seeing 36,990 cars per day) in front of a Save-A-Lot anchored shopping center. Situated on a main retail thoroughfare, this site is surrounded by residential homes. In 2020, the civic center across the street completed a $45 Million redevelopment that activated this area with new development! Since then Chick-fil-A, Whataburger, Starbucks and many other tenants in the immediate surrounding area have opened new locations here. The 5 mile population from the site is 152,710. The 1 mile household income is $78,520. The 5 mile consumer spending is a huge $1.4 BILLION. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $166,629.
Instate Broker of Record: Brian Brockman | Bang Realty
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,025 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,029,618
Price Per SF
$2,955.72
Cap Rate
5.50%
NOI
$166,629
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.93 AC
Zoning
Commercial
Parking
25 Spaces (24.39 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dutch Bros
- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dutch Bros | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-5016-0-0034 | Improvements Assessment | $342,880 |
| Land Assessment | $89,600 | Total Assessment | $432,480 |
Property Taxes
Parcel Number
08-5016-0-0034
Land Assessment
$89,600
Improvements Assessment
$342,880
Total Assessment
$432,480
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Dutch Bros | 3495 Austin Peay Hwy
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