1698 Poplar Ave Memphis, TN 38104-6417
Property profile & analytics
1698 Poplar Ave Memphis, TN 38104-6417
- Turn key restaurants
- 1,369 SF
- 0.30 lot acres
Property ID
US80-1532485
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Scooter's Coffee / Cafe & Coffee Shop
Property Details for 1698 Poplar Ave
- Year built
- 1968
- Lot size
- 0.30 lot acres
- Property size
- 1,369 SF
- Zone code
- CMU-3
- Property type
- Turn key restaurants
- APN
- 020-062- - -00011-C
- APU
- 02006200011C
Description
This exceptional investment opportunity presents a brand-new, single-tenant Scooter's Coffee located at 1698 Poplar Ave, Memphis, TN 38112. Built in 2023, this 669 square foot property sits on a 0.28-acre lot and boasts a prominent, hard-corner location with excellent visibility at a signalized intersection with 25,500 combined vehicles per day (VPD). The property benefits from a 15-year absolute NNN lease, commencing December 27, 2023, and expiring December 31, 2038, with two 5-year renewal options and a 10% rent increase every five years. The current net operating income (NOI) is $120,000, representing a 7.00% cap rate. The asking price is $1,714,000, or $137.26 per square foot of land. This location enjoys proximity to major retailers like Planet Fitness, The Home Depot, Kroger, and Walgreens, and is strategically positioned one mile from I-69 (98,353 VPD). The area features over 560 hotel rooms within a two-mile radius and is less than 1.5 miles from the Memphis Zoo (over 1.1 million annual visitors). Furthermore, it's within four miles of the Butler Row mixed-use development (300 luxury apartments, completion Q1 2025), serving an affluent demographic of 112,700+ within a three-mile radius. Scooter's Coffee, a rapidly expanding US franchise with over 800 locations, was ranked #2 on Entrepreneur's Franchise 500 list in 2024. This property offers a secure, passive income stream with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $530,000
- ML approach
- $510,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0038
- Latitude
- 35.1432
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,118
$74,880
$25,560
$100,440
-
$187,200
$63,900
$251,100
