New Starbucks in Milan,
For Sale
Contact for pricing
15229 S 1st Street, Milan, TN 38358
Recently constructed Starbucks with drive-thru on 0.32-acre lot.
Property Size2,293 SF
Lot Size0.32 Acres
Price / SF$978.59
Days on Market149
Property Features for 15229 S 1st Street
General Information
Standard status
Active
Size
2,293 SF
Total Parking Spaces
163
Lot size
0.32 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$138,665
Building Details
Year Built
2025
Listing Agency:
Katz & Associates
(615) 203-0013
Listed By:
Ashley Cusker · License #351391
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 10 at 12:06PM
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 Katz & Associates
Investment Insights
Based on property information with market context.
The property, located at 15229 South 1st Street, Milan, TN, is a recently constructed building completed in 2025. It encompasses approximately 2,293 square feet and is situated on a lot of approximately 0.32 acres. The property is fully leased to Starbucks, operating under a 10-year lease guaranteed by Starbucks Corporation. Starbucks, founded in 1985, is a leading QSR operator with over 38,000 locations worldwide and reported over $36 billion in revenue in FYE 2024 and $3.7 billion in net income. Starbucks is rated BBB+ by S&P. The property includes a high-capacity drive-thru with a stacking plan that accommodates 11 vehicles.
Key Highlights
- Brand new 2025 construction, fully leased to Starbucks.
- Corporate guarantee from Starbucks Corporation (rated BBB+ by S&P).
- High‑capacity drive‑thru with stacking for 11 vehicles.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
154k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Shops & Services 32%
Home Improvements & Furnishings 18%
Electronics 2%
Walmart
Superstores
68,199 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
27,597 visits/mo
0.2 miles
Murphy USA
Shops & Services
22,988 visits/mo
0.1 miles
Five Below
Shops & Services
16,722 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,044 visits/mo
0.2 miles
Demographics for 38358, TN
12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Recently constructed Starbucks with drive-thru on 0.32-acre lot.
Where is this coffee shop located?
The property is located at 15229 S 1st Street Milan, TN.
What is the asking price?
The asking price for this property is $2,243,903.
What are key features of this property?
This property features: Brand new 2025 construction, fully leased to Starbucks.; Corporate guarantee from Starbucks Corporation (rated BBB+ by S&P).; High‑capacity drive‑thru with stacking for 11 vehicles.
