1698 Poplar Ave Memphis, TN 38112

Listing agency Colliers - Los Angeles - Orange County, California Show Phone

Listed by Eric Carlton · License #CA 01809955

Source Crexi

Added: Apr 11 Updated: Jul 22 at 6:59PM Checked: Jul 22 at 6:59PM

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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.

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

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FAQs

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 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