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33428663
33428662

1698 Poplar Ave, Memphis, TN 38112

JM
TX 0551204
Marcus & Millichap - Houston
GF
TX 842203
Marcus & Millichap - Houston
SW
TX TX 768974
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston
$1,805,000
1 day on market
Updated 1 day ago

Scooter's Coffee

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 806
Cap Rate 6.65%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant Scooter's Coffee
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/27/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options 2 (5-yr)
Price per SqFt $2,239
Year Built 2023
Acreage 0.300
Investment Type Net Lease
Lease Commencement 12/27/2023
Ground Lease No
Ownership Fee Simple

Retail | 6.65% CAP | 806 SqFt

Marketing description

Scooter's Coffee was founded in 1998 in Bellevue, Nebraska and has grown into one of the fastest-growing drive-thru coffee franchise brands in the United States. The company operates 800+ locations nationwide, specializing in handcrafted coffee beverages, espresso drinks, smoothies, teas, and baked goods served through a convenient, drive-thru focused model. Known for its commitment to speed, quality, and customer service, Scooter's Coffee has built strong brand recognition and a loyal customer base across suburban and secondary markets. The company's franchise-driven expansion strategy and emphasis on operational efficiency have supported rapid national growth. With a scalable business model, increasing market presence, and strong consumer demand within the specialty coffee segment, Scooter's Coffee is positioned as a growing and attractive tenant within the quick-service beverage industry.

Investment highlights

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

Listing Contacts

JM
TX 0551204
Marcus & Millichap - Houston
GF
TX 842203
Marcus & Millichap - Houston
SW
TX TX 768974
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

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Additional Information

Name
Jody McKibben
License
307629
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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