Drive-Thru Coffee Kiosk
For Sale
$1,805,000
1698 Poplar Ave, Memphis, TN 38112
Single-tenant NNN drive-thru kiosk leased to Scooter’s Coffee on a hard-corner signalized site with convenient ingress/egress.
Property Size806 SF
Lot Size0.30 Acres
Price / SF$2,239
Days on Market150
Property Features for 1698 Poplar Ave
General Information
Standard status
Active
Size
806 SF
Lot size
0.30 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Traffic Count
33,900 vehicles/day
Amenities
Personal Guarantee (4-Unit Operator)
Absolute NNN lease structure with zero landlord responsibilities
Passive investment opportunity providing predictable cash flow
Long-term lease with built-in rental escalations
Brand new 2023 construction drive-thru coffee property
Building Details
Building Size
806 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Justin Miller · License #License(s): TX: 551204
(713) 452-4287
Source:
Marcusmillichap
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 6 at 4:01AM
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
A brand-new, single-tenant NNN drive-thru coffee kiosk is available for sale, leased to Scooter’s Coffee. The property features an absolute triple-net structure with a 15-year primary term, two additional 5-year option periods, and 10% rental increases every 5 years. The lease also includes a personal guarantee.
The 669 SF kiosk is situated on a 0.3-acre parcel at hard-corner, signalized intersections of Poplar Ave, N Belvedere Blvd, and N Evergreen St, with combined traffic count exceeding 33,900 VPD. Ingress and egress are described as excellent.
Nearby retailers include The Home Depot, Walgreens, Kroger, Family Dollar, and several quick-service brands such as Chick-fil-A, McDonald’s, Popeye’s, Taco Bell, and Wendy’s.
The 669 SF kiosk is situated on a 0.3-acre parcel at hard-corner, signalized intersections of Poplar Ave, N Belvedere Blvd, and N Evergreen St, with combined traffic count exceeding 33,900 VPD. Ingress and egress are described as excellent.
Nearby retailers include The Home Depot, Walgreens, Kroger, Family Dollar, and several quick-service brands such as Chick-fil-A, McDonald’s, Popeye’s, Taco Bell, and Wendy’s.
Key Highlights
- Brand‑new single‑tenant NNN drive‑thru kiosk leased to Scooter’s Coffee
- 15‑year primary lease term with two 5‑year option periods
- Absolute NNN lease with 10% rental increases every 5 years and a personal guarantee
Property Analytics
Property Profile
Current Use
Lease Details
33,900 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 26%
Home Improvements & Furnishings 25%
Apparel 8%
The Home Depot
Home Improvements & Furnishings
36,412 visits/mo
0.3 miles
MAPCO Mart
Shops & Services
12,391 visits/mo
0.1 miles
Circle K
Shops & Services
11,966 visits/mo
0.3 miles
Taco Bell
Dining
10,885 visits/mo
0.2 miles
Captain D's
Dining
9,241 visits/mo
0.5 miles
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant NNN drive-thru kiosk leased to Scooter’s Coffee on a hard-corner signalized site with convenient ingress/egress.
Where is this nnn property located?
The property is located at 1698 Poplar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,805,000.
What are key features of this property?
This property features: Brand‑new single‑tenant NNN drive‑thru kiosk leased to Scooter’s Coffee; 15‑year primary lease term with two 5‑year option periods; Absolute NNN lease with 10% rental increases every 5 years and a personal guarantee
