Drive-Through NNN
New
For Lease
$3,029,618 NNN (Triple Net)
3495 Austin Peay Highway, Memphis, TN 38128
Newly built Dutch Bros. Coffee location with an absolute NNN lease and scheduled rent increases.
Space SizeContact for details
Days on Market4
Property Features for 3495 Austin Peay Highway
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$166,629
Site & Location
Drive-Thru
Yes
Traffic Count
36,990 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Space Use
Drive-Through Restaurant
Building Details
Year Built
2026
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(734) 755-6359
Listed By:
Bryan Bender · License #BRK.200900214
(734) 755-6359
Source:
Fortisnetlease
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:56AM
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 Trinity Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
This 1,025-square-foot Dutch Bros. Coffee location was built in 2026 and opened for business in June 2026. The offering includes a 15-year absolute NNN lease, with 10% rent increases every 5 years and three additional 5-year renewal options carrying the same increase. A corporate guaranty is included, with no landlord responsibilities under the lease structure.
The property is located at 3495 Austin Peay Highway in Memphis, Tennessee, just off Austin Peay Highway and along a main retail thoroughfare. The site sees 36,990 VPD and is surrounded by homes and new development. The 5-mile population is 152,710, while average household income within 1 mile is $78,520. Five-mile consumer spending is reported at $1.4 billion.
The property is located at 3495 Austin Peay Highway in Memphis, Tennessee, just off Austin Peay Highway and along a main retail thoroughfare. The site sees 36,990 VPD and is surrounded by homes and new development. The 5-mile population is 152,710, while average household income within 1 mile is $78,520. Five-mile consumer spending is reported at $1.4 billion.
Key Highlights
- 1,025‑square‑foot Dutch Bros. Coffee location built in 2026
- 15‑year absolute NNN lease with zero landlord responsibility
- 10% rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
36,990 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 24%
Dining 16%
Hotels & Casinos 3%
Aldi
Groceries
17,560 visits/mo
0.3 miles
Marathon
Shops & Services
14,693 visits/mo
0.5 miles
SONIC Drive In
Dining
11,405 visits/mo
0.5 miles
Valero Energy
Shops & Services
7,135 visits/mo
0.2 miles
BP
Shops & Services
4,919 visits/mo
0.3 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
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 - Newly built Dutch Bros. Coffee location with an absolute NNN lease and scheduled rent increases.
Where is this nnn property located?
The property is located at 3495 Austin Peay Highway Memphis, TN.
What is the lease rate?
The lease rate is $3,029,618.
What are key features of this property?
This property features: 1,025‑square‑foot Dutch Bros. Coffee location built in 2026; 15‑year absolute NNN lease with zero landlord responsibility; 10% rent increases every 5 years
