3730 Riverdale Rd - Fast Food FOR SALE


Memphis, TN 38115
$1,655,000 USD
858-822-9811
3730 Riverdale Rd, Memphis, TN for Sale
$1,655,000 USD
Fast Food - FOR SALE
1/10
null | 7.25% Cap Rate

3730 Riverdale Rd
Memphis, TN 38115


HIGHLIGHTS

  • New 15 Year Absolute NNN Lease with Personal Guaranty
  • Brand New Construction, Tenant Opened February 2024
  • Excellent Visibility, Access, and Frontage in a Strong Retail Corridor
  • Dominate Infill Location just off State Route 385
  • Two 5-Year Options with Fixed 10% Increases Every 5 Years
  • Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024

OVERVIEW

This brand new construction Scooter’s Coffee asset opened in February 2024. The investment offers a 15 Year Absolute NNN Lease with two 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is in a dominate infill location just off State Route 385. The newly constructed site sits on 0.845 acre lot with excellent visibility, access, and frontage with dual ingress/egress. The site is ideally situated at a hard corner on Riverdale Rd and Malco Crossing with immediate access to State Route 385 with 126,300+ VPD. This Scooter’s Coffee location is positioned between several shopping centers such as Memphis Plaza, Winchester Court, Cross Creek, Centennial Commons, and more. The site is in close proximity to several national retailers such as IHOP, Walgreens, Goodwill, American Freight, Jiffy Lube, Planet Fitness, and more. There are several hotels with over 970 rooms combined in a 3 mile radius. Affluent demographics with a population of 94,300+ and average HHI of $79,000+ in a 3 mile radius. Scooter’s Coffee is a fast growing U.S. franchise brand with over 800 locations and is ranked #2 on Entrepreneur’s Franchise 500 list in 2024. Watch Property Video: https://vimeo.com/997654594/26c448ee88?share=copy

FOR SALE DETAILS

PRICE

$1,655,000 USD

PRICE/SF

$2,492 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

093-500- - -00622

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.