Drive-Thru Starbucks Investment
For Sale
Contact for pricing
Pending
1420 Union Ave, Memphis, TN 38104
Freestanding drive-thru Starbucks is offered with an NNN structure and a corporate lease in place.
Days on Market111
Property Features for 1420 Union Ave
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
44,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee simple investment opportunity includes a freestanding Starbucks building equipped with a drive-thru and leased on an NNN basis with limited landlord responsibilities. The property is leased to Starbucks Corporation under a corporate lease, with over 7.5 years remaining on the initial term and four additional five-year option periods available. The lease commenced in 2019 and does not include COVID/pandemic clause language. Rental increases are scheduled to begin at the start of each option period, designed to support NOI growth over the remaining terms.
The site is located along Union Avenue with clear visibility and access, with an average of 44,600 vehicles passing daily. It is also described as approximately a 7-minute drive into Downtown Memphis via Interstate-69.
The asset is positioned within a dense retail corridor with multiple national/credit tenants nearby. Additionally, the property is located near several healthcare providers and within close proximity to residential communities, supporting daytime and lunch-time demand in the trade area.
The site is located along Union Avenue with clear visibility and access, with an average of 44,600 vehicles passing daily. It is also described as approximately a 7-minute drive into Downtown Memphis via Interstate-69.
The asset is positioned within a dense retail corridor with multiple national/credit tenants nearby. Additionally, the property is located near several healthcare providers and within close proximity to residential communities, supporting daytime and lunch-time demand in the trade area.
Key Highlights
- NNN leased, fee simple ownership (land & building) drive‑thru Starbucks in Memphis, TN.
- Starbucks Corporation corporate lease has 7.5+ years remaining on the initial term and 4 (5‑year) option periods left.
- Lease includes 10%–15% rental increases at the start of each option period.
Property Analytics
Current Use
Lease Details
44,600 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,706
Businesses Nearby
235k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 17%
Groceries 5%
Electronics 2%
Cook Out
Dining
20,660 visits/mo
0.2 miles
Wendy's
Dining
19,151 visits/mo
0.4 miles
McDonald's
Dining
18,930 visits/mo
0.4 miles
Taco Bell
Dining
15,629 visits/mo
0.2 miles
7 Brew Coffee
Dining
14,264 visits/mo
0.5 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drive-thru Starbucks is offered with an NNN structure and a corporate lease in place.
Where is this nnn property located?
The property is located at 1420 Union Ave Memphis, TN.
What are key features of this property?
This property features: NNN leased, fee simple ownership (land & building) drive‑thru Starbucks in Memphis, TN.; Starbucks Corporation corporate lease has 7.5+ years remaining on the initial term and 4 (5‑year) option periods left.; Lease includes 10%–15% rental increases at the start of each option period.
