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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,369 SF
- Lot area
- 0.3 ac
- Year built
- 1968
- Stories
- 1
- APN
- 020-062- - -00011-C
- Zoning
- CMU-3
- Assessed value · 2023
- $100,440
- Annual tax · 2022
- $6,118
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $6,118
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Resid…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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