Scooter’s Coffee

1698 Poplar Avenue, Memphis, TN 38112

$2,000,000

Cap Rate 6.00%

View OM

DOM: 8 Updated: 09.05.25 Posted: 09.05.25 Status: Active 09.05.25

Summary

Price $2,000,000	Built/Renov 2023	Tenant Scooter’s Coffee
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 669	Lease Start 01-01-2024	#Units 4,979
Price/SF $2,989.54	Expiration 12-31-2038	Tenant Type Fast Food/QSR
NOI $120,000	R. Term 13.3	Ownership Fee Simple
Rent/SF $179.37	Increases 10.0%/6/yrs	Pop 5Mi 208,286
Lot/AC 0.30	Options 2/5yrs/10%	AHHI 5Mi $71,460

Highlights

Brand new 15-year absolute NNN corporate lease commencing January 2024 with two 5-year options
Lease includes 10% rent increases every five years during base term and option periods
669 SF drive-thru coffee kiosk built in 2023 on 0.3-acre parcel
Strategically located at hard-corner signalized intersection of Poplar Ave, Belvedere Blvd, and Evergreen St with 33,900+ VPD
Shadow-anchored by Home Depot and surrounded by Walgreens, Kroger, Chick-fil-A, McDonald’s, Popeyes, and Wendy’s
Memphis MSA population exceeds 1.17 million, with 208,000+ residents within 5 miles
Average household income surpasses $95,700 within one mile and $71,400 within five miles

Location Description

Scooter’s Coffee is strategically located along Poplar Avenue in Memphis, Tennessee, with access to a daily traffic count of approximately 33,900 vehicles. The site is surrounded by major national retailers including Starbucks, McDonald’s, Walgreens, AutoZone, Kroger, and Chick-fil-A, driving consistent consumer traffic to the area. The property is located near several schools, residential...

...

Key Features

New construction
Hard corner intersection
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
100+ unit franchisee backed
Personal guarantee

...

Links

Scooter’s Coffee – Memphis, TN Wikipedia Memphis, TN Wikipedia Scooter’s Coffee Zip Code 38017 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Corp T and Rated
Company:Restaurant Brands International, Inc.
# Units:4,979
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	16,032	102,025	210,343
2023 Total Population :	15,838	100,580	209,792
2023 Employed Civilian Pop :	8,641	42,853	88,803
2023 Total Businesses :	1,048	5,238	8,234
2023 Average Household Income :	$ 94,800	$ 68,657	$ 71,337
2023 Total Consumer Spending :	$ 709 M	$ 2797 M	$ 5832 M
2023 Median Age :	41	38	37
2023 Total Households :	8,603	46,379	93,260
2023 Pop Age 25+: Bachelor's Degree :	4,271	14,613	27,486
2023 Average Home Value :	$ 383,281	$ 259,580	$ 254,688

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Evergreen Street	Poplar Ave	2022	1,862	0.02 mi
North Avalon Street	Ct Ave	2022	6,258	0.31 mi
N. MCLEAN BLVD.	Jefferson Ave	2021	12,123	0.37 mi
North McLean Boulevard	Edward Ave	2022	10,283	0.37 mi
POPLAR AVE.	Stonewall St	2021	30,230	0.39 mi
Poplar Avenue	N Auburndale St	2022	22,628	0.39 mi
North McNeil Street	Joy Pl	2022	526	0.45 mi
Madison Avenue	N McNeil St	2022	10,771	0.53 mi
South Belvedere Boulevard	Peabody Ave	2022	4,716	0.69 mi
Overton Park Avenue	N Cleveland St	2022	2,068	0.78 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

186 Listings
55549 Views
73 Sold

Jereme Snyder

Colliers NNN Group

Contact

174 Listings
51658 Views
67 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT