Log In/Sign Up
Your email has been sent.
Starbucks with Drive Thru | Memphis MSA 25 Land Wy Suite A st 2,450 SF Retail Building Oakland, TN 38060 $2,991,457 CAD ($1,221.00 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new construction with drive thru featuring a fresh 10-year initial term
- Affluent submarket | $104,000+ AHHI and $304,000+ median home value within 1-mile
- Limited competition | Only Starbucks within 8-mile radius – next closest location is in Arlington, TN
- Hwy 64 frontage (24,000+ VPD) approximately 7 miles east of Interstate 269 and 30 miles northeast of Downtown Memphis
- The population is projected to grow 14% by 2030 within a 1-mile radius
- 15 miles southwest of Ford's planned $5.6B BlueOval City in Stanton, TN
EXECUTIVE SUMMARY
TSCG is pleased to offer for sale a brand-new Starbucks with a drive thru in Oakland (Memphis MSA), TN. This prime investment opportunity is situated along Hwy 64 (24,000+ VPD), approximately 30 miles northeast of Downtown Memphis. Northeast Memphis is seeing tremendous growth due to Ford’s BlueOval City in Stanton, TN, which could total over $5B in investment and create 6,000 direct jobs upon completion. Major retailers in the immediate Oakland area include Walmart, Kroger, McDonald’s, Chick-fil-A (proposed), Taco Bell, Ace Hardware, Wendy’s, Burger King and Tropical Smoothie (proposed).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,450 SF
Year Built
2025
Price
$2,991,457 CAD
Price Per SF
$1,221.00 CAD
Cap Rate
6.50%
NOI
$194,442 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.95 AC
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Starbucks with Drive Thru | Memphis MSA | 25 Land Wy Suite A st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.