Dutch Bros Drive-Through NNN
For Sale
Contact for pricing
3495 Austin Peay Highway, Memphis, TN 38128
Newly built coffee drive-through with an absolute NNN lease and corporate guaranty.
Property Size1,025 SF
Price / SF$2,955
Days on Market9
Property Features for 3495 Austin Peay Highway
General Information
Standard status
Active
Size
1,025 SF
Total Parking Spaces
25
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$166,629
Financials
Asking Price
$3,029,618
Cap Rate
5.5%
Site & Location
Drive-Thru
Yes
Traffic Count
36,990 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 5:32AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This NNN property features a newly constructed Dutch Bros. Coffee drive-through that opened for business in June 2026. The investment is subject to a 15-year absolute NNN lease with 10% rent increases every five years and three additional five-year options. A corporate guaranty is also included.
Located at 3495 Austin Peay Highway in Memphis, the site benefits from exposure to a roadway carrying 36,990 cars per day. It sits in front of a Save-A-Lot-anchored shopping center and is surrounded by residential homes along a primary retail corridor. The civic center across the street completed a $45 Million redevelopment in 2020, followed by new locations for Chick-fil-A, Whataburger, Starbucks, and other tenants in the surrounding area.
Located at 3495 Austin Peay Highway in Memphis, the site benefits from exposure to a roadway carrying 36,990 cars per day. It sits in front of a Save-A-Lot-anchored shopping center and is surrounded by residential homes along a primary retail corridor. The civic center across the street completed a $45 Million redevelopment in 2020, followed by new locations for Chick-fil-A, Whataburger, Starbucks, and other tenants in the surrounding area.
Key Highlights
- New Dutch Bros. Coffee drive‑through opened for business in June 2026
- 15‑year absolute NNN lease with 10% rent increases every 5 years
- Three additional 5‑year lease options
Property Analytics
Property Profile
Current Use
Lease Details
36,990 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Newly built coffee drive-through with an absolute NNN lease and corporate guaranty.
Where is this nnn property located?
The property is located at 3495 Austin Peay Highway Memphis, TN.
What is the asking price?
The asking price for this property is $3,029,618.
What are key features of this property?
This property features: New Dutch Bros. Coffee drive‑through opened for business in June 2026; 15‑year absolute NNN lease with 10% rent increases every 5 years; Three additional 5‑year lease options
