For Sale
$1,655,000

3730 Riverdale RdMemphis, TN 38115

High-yield, NNN-leased QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
115

Highlights

  • $1,655,000 asking price for this Net Leased Scooter's Coffee property.
  • Absolute NNN lease with a 15-year term commencing February 2024 and expiring February 2039, leaving 14.3 years remaining.
  • 7.25% cap rate with a $120,000 annual NOI.
  • 664 square foot building on a 0.845-acre lot, featuring a drive-thru and dual ingress/egress.
  • Located in a strong retail corridor in Memphis, TN, at 3730 Riverdale Rd, 38115, offering excellent visibility and access.
  • Rent increases 10% every 5 years, with two 5-year lease options.

Property Details for 3730 Riverdale Rd

Property type
Retail properties
Square Feet
664 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
36,808 SF
Units
1

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.046854127151
Longitude
-89.830260125309
3730 Riverdale Rd, Memphis, Tennessee
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3730 Riverdale Rd
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