Drive-Thru Starbucks Investment
1420 Union Ave Memphis, TN 38104
For Sale
Contact for pricing
Pending
Freestanding drive-thru Starbucks is offered with an NNN structure and a corporate lease in place.
Days on Market106
Property Features for 1420 Union Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
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 24 at 4:31PM
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
Location Intelligence
Current Use by Public Records
Supreme Street Music
Recording Studio
Starbucks
Cafe & Coffee Shop
Sawyer Jacquelyn
Counselor
Webber Carolyn
Counselor
Wilson Hunt Construction
Construction Company
FAQs
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.
