Scooter’s Coffee

3730 Riverdale Rd, Memphis, TN
Deal Type:
Net Lease
Price:
$1,920,000
Cap Rate:
6.25%
Current Rent:
$120,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Two, 5-Year
Building Sq. Ft.:
664 SF
Rent Increases:
10% Every 5 Years
Site Size:
.89 Acres
  • scooter's coffee stream capital partners
  • scooter's coffee stream capital partners
  • scooter's coffee stream capital partners
  • scooter's coffee stream capital partners
  • scooter's coffee stream capital partners

Investment Highlights

  • Absolute NNN lease structure with no landlord responsibilities providing passive ownership
  • Brand new 2024 construction and 15-year lease term with 10% rent increases every 5 years
  • Situated near the intersection of of Riverdale Road and Winchester Road with over 73,300 VPD at the intersection
  • Dense retail corridor home to numerous national tenants including IHOP, Jiffy Lube, Home Depot, McDonald’s, Walgreens, and Waffle House, among others
  • Open and operating location with very strong sales

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Tennessee Broker of Record: Connor Shell, Lic. #371818

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