Bojangles - 3551 Austin Peay Hwy

Memphis, TN 38128

• NNN Property
• Retail for Sale
• $2,891,044 CAD
• 2,366 SF

Memphis Retail for Sale - North

This NNN QSR outparcel is situated within the Marketplace at Raleigh development on Austin Peay Highway, a high-frequency corridor anchored by a nearby Walmart Supercenter and Kroger and flanked by co-tenants including Chick-fil-A and Starbucks. The lease structure features a 20-year initial term, zero landlord maintenance or expense responsibilities, and 10% rental increases at each five-year interval. The surrounding trade area benefits from substantial employment infrastructure, including the Amazon fulfillment center in Frayser, Nike’s Northridge distribution campus employing 1,850 workers, Memphis International Airport serving as North America’s busiest cargo hub, and the 246-bed Methodist North Hospital. Civic reinvestment along the corridor is anchored by the $45 million Raleigh Springs Civic Center, with 20 acres of its site designated by the City of Memphis for commercial development projected to generate $91 million in new investment.

Contact:

CP Partners CRE

Property Subtype:

Fast Food

Date on Market:

2026-08-07

Hide

See More

Dutch Bros - 3495 Austin Peay Hwy

Memphis, TN 38128

• NNN Property
• Retail for Sale
• $4,174,814 CAD
• 1,025 SF

Memphis Retail for Sale - North

Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Memphis, Tennessee. Dutch Bros is a rapidly expanding tenant with goals of reaching 2,029 stores by 2029 as well as annual revenue growth of 20%. This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The lease also features a strong corporate guaranty. The store has completed construction & successfully opened for business in June 2026. This Dutch Bros is located off of the Austin Peay Highway (seeing 36,990 cars per day) in front of a Save-A-Lot anchored shopping center. Situated on a main retail thoroughfare, this site is surrounded by residential homes. In 2020, the civic center across the street completed a $45 Million redevelopment that activated this area with new development! Since then Chick-fil-A, Whataburger, Starbucks and many other tenants in the immediate surrounding area have opened new locations here. The 5 mile population from the site is 152,710. The 1 mile household income is $78,520. The 5 mile consumer spending is a huge $1.4 BILLION. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $166,629. Instate Broker of Record: Brian Brockman | Bang Realty

Contact:

Fortis Net Lease

Property Subtype:

Fast Food

Date on Market:

2026-08-03

Hide

See More

Dollar General (Memphis, TN MSA) - 7864 Arkabulta Rd

Coldwater, MS 38618

• NNN Property
• Retail for Sale
• $1,366,273 CAD
• 10,208 SF

Coldwater Retail for Sale - Tate County

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the property leased to Dollar General at 7864 Arkabutla Road in Coldwater, MS. This Dollar General location has a lock on any significant retail competition for 9 miles. There are no stores that carry as much merchandise except in the heart of Coldwater. In 2023, Dollar General expanded the size of this Arkabutla Road store from 7,489 SF to 10,208 SF, showing its commitment to this location.

Contact:

S.L. Nusbaum Realty Co.

Property Subtype:

Freestanding

Date on Market:

2026-07-29

Hide

See More

Corporate Popeyes - Memphis, TN - 2235 Lamar Ave

Memphis, TN 38114

• NNN Property
• Retail for Sale
• $1,033,500 CAD
• 2,557 SF

Memphis Retail for Sale - Midtown

This offering presents a rare opportunity to acquire a corporate-operated Popeye’s in a high-exposure drive-thru QSR location with significantly embedded rent upside. The core investment thesis is the ability to reset the current rent of $15,552 annually to approximately $160,000 upon expiration of the option term in 2039. The original 10-year absolute NNN lease, with three 10-year options, was executed on December 9, 1998, when an older freestanding donut shop occupied the site. The lease provided the tenant the right to demolish and redevelop the property at their expense, which was completed in 2001 with the construction of the current freestanding Popeye’s. The final 10-year option commences in May 2029 at $18,862 annually, with a hard lease end date of April 30, 2039. Lamar Avenue (36K+ VPD) is one of Memphis’ primary commuter and logistics corridors, supporting strong daily traffic and long-standing quick-service demand. The site benefits from approximately 36,000 vehicles per day and is located just five miles from Memphis International Airport. Notably, of the more than 5,400 global Popeye’s locations, only 50 are corporate-operated. At just 10% of market rent, this asset offers a clearly defined mark-to-market opportunity within a long-standing corporate QSR location.

Contact:

jack@hopkinsretailgroup.com

Property Subtype:

Fast Food

Date on Market:

2026-07-21

Hide

See More

Scooter’s Coffee - 1698 Poplar Ave

Memphis, TN 38104

• NNN Property
• Retail for Sale
• $2,487,290 CAD
• 806 SF

• Air Conditioning
• Wheelchair Accessible

Memphis Retail for Sale - Midtown

New Construction Absolute Net Lease • Brand new 2023 construction drive-thru coffee property • Absolute NNN lease structure with zero landlord responsibilities • Passive investment opportunity providing predictable cash flow • Long-term lease with built-in rental escalations Strong Tenant & Growing Brand • Leased to Scooter’s Coffee, one of the fastest-growing drive-thru coffee concepts in the U.S. • Established national brand with 800+ locations nationwide • Franchise-driven expansion strategy supporting continued national growth • Strong consumer demand within the specialty coffee / QSR beverage sector Prime Memphis Retail Corridor • Located along Poplar Avenue, one of Memphis’ major commercial thoroughfares • Strong visibility and convenient access within a dense urban trade area • Positioned near established residential neighborhoods, employment centers, and retail demand drivers • Dense daytime population supporting consistent drive-thru traffic Strong Memphis Market Fundamentals • Memphis MSA population of approximately 1.3 million residents • Major corporate presence including FedEx, AutoZone, International Paper, and St. Jude Children’s Research Hospital • National logistics hub supported by Memphis International Airport and extensive transportation infrastructure • Favorable business climate and diversified regional economy

Contact:

Marcus & Millichap

Property Subtype:

Fast Food

Date on Market:

2026-06-08

Hide

See More

Pad to Target/Sprouts | 10+ Yrs, 3% Ann - 3100 Forest Hill Irene Rd

Germantown, TN 38138

• NNN Property
• Retail for Sale
• $3,314,090 CAD
• 3,346 SF

• Restaurant

Germantown Retail for Sale - 385 Corridor

This offering presents the opportunity to acquire a high-performing single-tenant net leased restaurant investment located in Germantown, Tennessee, one of the most affluent and established suburban communities within the Memphis MSA. The property is strategically positioned as a highly visible outparcel to The Shops of Forest Hill, a Target and Sprouts Farmers Market-anchored shopping center serving one of the region’s most desirable retail trade areas. According to Placer.ai, The Shops of Forest Hill ranks in the Top 13% of community shopping centers in Tennessee and the Top 19% of shopping centers within a 15-mile radius, benefiting from a diverse mix of national retailers, restaurants, service providers, and entertainment uses. The investment is secured by a long-term net lease featuring 3% annual rental increases and more than 10 years of remaining lease term, providing investors with attractive contractual income growth. The location has demonstrated strong operating performance, supported by an exceptionally low 4.3% rent-to-sales ratio and five years of successful operations at the property. Gus’s World Famous Fried Chicken is an iconic restaurant concept with deep Memphis roots dating back to 1953 and has expanded to more than 35 locations across 15 states. The brand enjoys strong recognition throughout the Mid-South and has developed a loyal customer following nationwide. The property benefits from exceptional demographics, including average household income exceeding $284,000 within one mile and approximately 49,000 residents within three miles. Located near the signalized intersection of Forest Hill Irene Road and Poplar Avenue, the asset enjoys strong visibility, excellent accessibility, and proximity to major employment drivers, including FedEx World Headquarters, located approximately seven miles from the property. Combining a proven restaurant operator, strong location fundamentals, contractual rent growth, exceptional demographics, and irreplaceable Germantown real estate, the offering presents a compelling opportunity to acquire a premier net leased retail investment in one of Tennessee’s most desirable suburban markets.

Contact:

Lee & Associates Commercial Real Estate Services

Property Subtype:

Freestanding

Date on Market:

2026-06-08

Hide

See More

Wendy's - 749 S Highland St

Memphis, TN 38111

• NNN Property
• Retail for Sale
• $3,465,815 CAD
• 2,711 SF

Memphis Retail for Sale - Midtown

Surmount is pleased to present the Offering Memorandum for a Wendy's located at 749 S Highland St, Memphis, TN 38111. The site consists of roughly 2,711 rentable square feet of building space on an estimated 0.65-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 5/6/2021. The current annual rent is $138,331 and has scheduled increases of lesser of change in cpi or 1.25% annually.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2026-06-04

Hide

See More

Hacks Cross Plaza - 4202 Hacks Cross Rd

Memphis, TN 38125

• NNN Property
• Retail for Sale
• $8,478,760 CAD
• 31,861 SF

Memphis Retail for Sale - 385 Corridor

Hacks Cross Roads presents a compelling investment opportunity as a fully occupied retail shopping center in Memphis, Tennessee. This 31,816 square foot property features a diverse tenant mix, including anchor tenants such as Family Dollar and Jerusalem Kabob and Cafe LLC, ensuring a stable income stream. The property is offered at of $6,152,946.00 w ith a cap rate of 6.73%, reflecting its strong financial performance. The center generates an adjusted net operating income of $414,093.27, w ith total annual income reaching $585,115.08, inclusive of base rent and NNN reimbursements. Tenants operate under a triple net lease structure, minimizing ow ner expenses and maximizing returns. Strategically located on Hacks Cross Road, the center benefits from a high traffic count of 66,065 vehicles per day, enhancing its visibility and accessibility. The immediate area is characterized by strong demographics, w ith a population of 279,048 w ithin a 5-mile radius. The property serves as a vital retail hub in a thriving commercial corridor, supported by a robust tenant roster and long-term leases, making it an ideal investment for those seeking reliable cash flow and grow th potential in the Memphis market.

Contact:

A&M Realty Inc

Property Subtype:

Storefront

Date on Market:

2026-05-11

Hide

See More