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$2,877
Days on Market54
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
Listed By:
Bryan Bender · License #MI 6501319610
(248) 419-3810
Source:
Crexi
Added: Aug 3
Changed: Sep 23
Last Checked: Sep 24 at 10:19AM
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
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Current Use
Lease Details
36,990 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
220k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 22%
Groceries 4%
Apparel 4%
Chick-fil-A
Dining
40,476 visits/mo
0.3 miles
McDonald's
Dining
33,030 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
22,765 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
19,453 visits/mo
0.3 miles
Starbucks
Dining
16,025 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Memphis, TN
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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 $2,949,186.
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
