Dickson Retail for Sale - Dickson County

The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately seven years remaining and strong store sales featuring percentage rent and a favorable rent-to-sales ratio. The tenant is backed by a personal guaranty from an experienced 32-unit operator. Located within the growing Nashville MSA, approximately 40 miles east of Nashville, the site benefits from strong population growth, over 106,000 annual visitors, proximity to Interstate 40 (39,464 AADT), and nearby demand drivers including 10 hotels and TriStar Horizon Medical Center, a 157-bed regional hospital affiliated with HCA Healthcare. The functional site includes a drive-thru and outdoor patio seating. In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531

Property Subtype:

Fast Food

Date on Market:

2026-06-10

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

Property Subtype:

Fast Food

Date on Market:

2026-06-08

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.

Property Subtype:

Freestanding

Date on Market:

2026-06-08

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.

Property Subtype:

Fast Food

Date on Market:

2026-06-04

Covington Retail for Sale - Tipton County

• More than 12 years of remaining primary term with two (2) 5-year renewal options, providing stable in-place income and long-term extension potential • 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation • The tenant, Popeyes Louisiana Kitchen, Inc., is a corporate entity for Popeyes, one of the world’s largest chicken QSR brands with more than 5,000 locations • The property features drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance

Property Subtype:

Fast Food

Date on Market:

2026-06-01

Pulaski Retail for Sale

Surmount is pleased to present the exclusive listing for a Valvoline located at 710 West College Street, Pulaski, TN 38478. The site consists of roughly 2,106 rentable square feet of building space on an estimated 0.65-acre parcel of land. Valvoline is subject to a 15-year Triple Net (NNN) lease, which commenced 1/25/2026. The current annual rent is $81,900 and has scheduled increases of 10% in May 2036 and in Options.

Property Subtype:

Auto Repair

Date on Market:

2026-05-28

Greeneville Retail for Sale

• The tenant recently executed a brand new 15-year lease with three (3) additional 5-year renewal options, demonstrating a long-term commitment to the site • The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, driving NOI growth and providing an effective hedge against inflation • Dutch Bros (NYSE: BROS) is the third largest coffee chain in the US with over 1,177 locations throughout 25 states and a long-term goal of hitting 4,000+ stores • New construction with high-quality materials and the brand’s current design package — minimal deferred maintenance exposure for a passive investor

Property Subtype:

Freestanding

Date on Market:

2026-05-26

Hermitage Retail for Sale - Airport North

Prime commercial opportunity on highly traveled Lebanon Pike in Nashville. This freestanding 1,254 sqft building is currently operating as a coffee shop with a drive-thru and is positioned on a large lot in a densely populated and rapidly growing market. Excellent visibility and strong traffic counts make this property ideal for an owner-user or investment opportunity. Rare opportunity to own a versatile commercial property in a high-demand corridor with outstanding accessibility and exposure.

Property Subtype:

Freestanding

Date on Market:

2026-05-14

Murfreesboro Retail for Sale - Rutherford County

The subject property is a newly constructed Chipotle drive-thru located in Murfreesboro (Nashville), TN.? The brand new 15-year absolute NNN lease is corporately guaranteed by Chipotle Mexican Grill, Inc.? (NYSE: CMG) and includes 10% rental increases every 5-years during the primary term and in the (4) 5-year option periods.? The property is directly across the street from Middle Tennessee State University (20,488+ students), generating consistent demand from students, faculty, staff, and visitors throughout the year.? This new Chipotle Mexican Grill is strategically positioned along North Rutherford Boulevard, which experiences traffic counts exceeding 31,000 vehicles per day, providing exceptional visibility and access.? The property consists of a newly constructed 2,325-square-foot building situated on a 1.08 +/- acre parcel, featuring strong frontage and ample parking.? Surrounded by dense commercial development and continued residential expansion, the property is well-positioned to capture strong daily consumer traffic within one of Murfreesboro’s primary retail corridors.? The surrounding trade area includes more than 111,000 residents within a 5-mile radius and continues to experience robust growth, with population projected to increase by over 14% and household growth exceeding 14% from 2025 to 2029.? Average household income over $85,000 within the 5-mile radius further support long-term retail demand and overall market stability.? The trade area is supported by a strong mix of national and regional retailers along North Rutherford Boulevard, including Walmart, Dollar Tree, Murphy USA, Circle K, Shell, and Old National Bank, along with a dense concentration of quick-service and fast-casual dining such as Starbucks, Dunkin’, Taco Bell, Jersey Mike’s, Zaxby’s, Cook Out, Culver’s, and Waffle House.? These are complemented by local operators that contribute to consistent daily traffic.? The property is supported by nearby residential density, including Tennessee Park Apartments (216 units), Alder Terrace (141 units), Richland Falls Apartments (360 units), and Albion at Murfreesboro (360 units), providing a built-in customer base.? The asset also benefits from proximity to The Avenue Murfreesboro and Stones River Town Centre, two of the area’s primary retail hubs.

Property Subtype:

Fast Food

Date on Market:

2026-05-13

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.

Property Subtype:

Storefront

Date on Market:

2026-05-11

Chattanooga Retail for Sale - Outlying Chattanooga

Long-Term Tenant – CSL Plasma has operated at this location for well over a decade. The tenant has four years remaining on the current lease term, followed by two five-year renewal options with 2.5% annual rent increases and limited landlord responsibilities. Great Location - Strategically positioned along Highway 27 in a primary corridor, this property enjoys exceptional visibility and exposure. The property also has an easily accessible corner location with a large parking lot. Close to major employment, education, and healthcare hubs. Attractive Demographics & Growth - Located about halfway between Nashville, TN, and Atlanta, GA. Chattanooga is one of Tennessee’s fastest-expanding cities, with a population that has been consistently growing for decades. The area within a ten-mile radius of the property has a population exceeding 280,000, with an average household income of over $88,000. Strong Local Economy - Chattanooga serves a large three-state area that includes southeastern Tennessee, northwestern Georgia, and northeastern Alabama. The city has a diversified economy and is nationally recognized for its ultra-fast municipal broadband, which has helped to attract startups, remote workers, and tech-focused firms. Chattanooga is also home to the University of Tennessee at Chattanooga & Chattanooga State Community College. Established Regional Market - Chattanooga is a key city in southeast Tennessee near Georgia. Chattanooga sits within easy driving distance of Atlanta, Nashville, and Birmingham. As the fourth-largest city in the state, Chattanooga benefits from its strategic location at the intersection of major interstates, making it a regional transportation and distribution hub.

Property Subtype:

Freestanding

Date on Market:

2026-05-07

Kingsport Retail for Sale - Sullivan County

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Kingsport, Tennessee. The tenant, Dutch Bros, recently signed a brand-new, 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Fast Food

Date on Market:

2026-04-28

Knoxville Retail for Sale - North/Broadway

Situated on a prominent corner lot along Maynardville Pike, this 2,357 SF KFC restaurant occupies a full 1.00-acre parcel and benefits from 67 feet of frontage and a dedicated turn lane, enhancing ease of access and drive-thru flow. Operating under a 20-year absolute NNN lease, an 8% rent increase every five years (next increase July 2026), with four (4) 5-year renewal options available. Located in a dense North Knoxville retail trade area, the asset sees nearly 39,000 vehicles per day and is positioned near major national retailers such as Walmart, Food City, and CVS. As a critical connector between the I-640/I-75 corridor and the growing residential neighborhoods in Union County, this location offers exceptional long-term investment fundamentals and steady foot traffic.

Property Subtype:

Freestanding

Date on Market:

2026-04-20

Clinton Industrial for Sale - Anderson County

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased industrial investment property occupied by ADUSA Distribution, LLC. The asset features over 5.5 years of remaining primary term following the recent execution of a new 7-year lease, demonstrating the tenant’s continued commitment to the site, with two additional (5-year) renewal options providing stable in-place income and long-term extension potential. The lease includes 2.5% annual rental increases throughout the primary term, supporting steady NOI growth and providing a hedge against inflation. ADUSA Distribution, LLC is the distribution and supply chain arm of Koninklijke Ahold Delhaize N.V. (parent company of Food Lion and other brands), which carries an investment-grade credit rating of BBB+ from S&P.

Property Subtype:

Warehouse

Date on Market:

2026-04-15

Springfield Retail for Sale - Robertson County

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Springfield, Tennessee. The tenant, Arby’s, recently extended their lease with 11 years remaining and 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.25% rental increases throughout the remainder of the term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

Property Subtype:

Fast Food

Date on Market:

2026-04-09

Germantown Office for Sale - East

Long Term Leases with Annual Growth Both Leases Feature Annual Rental Increases Throughout Term Triple Net Lease Structure Tenant Fully Responsible for All Expenses Relating to the Property with Ability to Collect Reimbursement for Management and Operating Personnel. Purpose Designed Construction Designed and Constructed by The Conrad Pearson Clinic to Accommodate their Specific Needs while Providing a Streamlined Connection of their Clinical and Surgical Practices Significant Growth within Urology Specialty Increasing Incidence of Prostate Cancer and Other Urological Issues with Aging Population to Double in Next 25 years. Projected 10.33% Compounded Annual Growth Rate Through 2030. Major Medical Industry in Memphis, Tennessee Major Institutions Include: St. Jude Children's Research Hospital Methodist Le Bonheur Healthcare Baptist Memorial Health Care These Systems Create a Large Healthcare Workforce, Large Patient Volumes, Clinical Research Opportunities and Demand for Healthcare Services and Suppliers. Healthcare and Life Science in Greater Memphis Compose One of the Largest Industry Clusters in the Region with 88,725 Employees, Accounting for 13% of the Regions Workforce. High Patient Demand + Low Operating Costs Provide Perfect Environment for Success Mid-South Region is Known as the Center of the Chronic Disease Belt which Contributes to Significant Healthcare Demand. Large Regional Population Base and Limited Access to Care in Rural Areas Drives High Patient Volumes. No State Income Tax and a Competitive Corporate Tax Rate Combined with a Cost of Living that is 12% Below the U.S. Average provides a Low-Cost Environment for Healthcare Businesses and Employees.

Property Subtype:

Medical

Date on Market:

2026-03-31

Lebanon Retail for Sale - Wilson County

Property Subtype:

Convenience

Date on Market:

2026-03-30

Knoxville Retail for Sale - North/Broadway

• The Guernsey Holdings SDI TN OpCo LLC has over 6 years remaining on its current lease term with 1 (10-year) option periods to extend • The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation • Sonic is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 47 states

Property Subtype:

Fast Food

Date on Market:

2026-03-30

Knoxville Retail for Sale - South

This offering provides stable, passive income through an absolute NNN lease with zero landlord responsibilities, while also presenting a clear future value-add opportunity as the tenant is expected to vacate at the end of the base term, allowing for releasing or redevelopment. An on-site billboard further enhances returns with an additional income stream. The property features strong fundamentals, including a drive-thru, multiple access points, and a high-visibility location along Chapman Highway with over 35,000 vehicles per day. Positioned within the growing Knoxville market and benefiting from Tennessee’s no state income tax, the asset offers both near-term cash flow and long-term upside potential.

Property Subtype:

Fast Food

Date on Market:

2026-03-25

Winchester Retail for Sale

Arby's NNN (Newly Built) 720 Dinah Shore Blvd. aka ST. RT. 41 A Winchester, TN. 37398 20 Year lease with 7% Rental Increases every 5 years. 4 - 5 year Options with 7% Rental Increases every 5 years. Total 40 years. Opened November 2025 Well Run Arby's Franchisee over 50 years. (Restaurant Management Inc.) Franchisee owns and operates 72 Arby's in 7 States.

Property Subtype:

Fast Food

Date on Market:

2026-03-18

Chattanooga Retail for Sale - Outlying Chattanooga

Surmount is pleased to present the exclusive listing for a Zaxby's located at 4815 Tennessee 58, Chattanooga, TN 37416. The site consists of roughly 3,864 rentable square feet of building space on an estimated .96-acre parcel of land. Zaxby's is subject to a 20-year lease, which commenced 2/1/2022. The current annual rent is $173,893 and has scheduled increases of 2.00% Annually Starting 2/1/2028.

Property Subtype:

Fast Food

Date on Market:

2026-03-17

Chattanooga Retail for Sale - Outlying Chattanooga

Surmount is pleased to present the exclusive listing for a Zaxby's located at 7643 East Brainerd Road, Chattanooga, TN 37421. The site consists of roughly 3,574 rentable square feet of building space on an estimated 1.03-acre parcel of land. Zaxby's is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2022. The current annual rent is $173,983 and has scheduled increases of 2.00% Annually Starting 2/1/2028.

Property Subtype:

Fast Food

Date on Market:

2026-03-17

Milan Retail for Sale

Katz & Associates, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in the property located at 15229 South 1st Street, Milan, TN (“the Property”). Encompassing ±2,293 square feet on ±0.32-acre lot, the Property represents recent 2025 construction and is fully leased to Starbucks operating under a 10-year Lease. The Lease is corporately guaranteed by Starbucks Corporation. Founded in 1985, Starbucks (NASDAQ: SBUX) is one of the leading QSR operators in the world and drove over $36 billion in Revenue in FYE 2024 and $3.7 billion in Net Income at over 38K+ locations worldwide. Starbucks is rated BBB+ by S&P. The Property has a high-capacity drive-thru for Starbucks with a stacking plan that allows for 11 vehicles, signaling the Tenant’s high expectations for the site.

Property Subtype:

Freestanding

Date on Market:

2026-03-16

Dyersburg Retail for Sale

• The tenant, KFC, currently has 18+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation • There are over 32,000 KFC restaurants in 150 countries and territories around the world • The operator, Tasty Restaurant Group, manages 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell) • There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)

Property Subtype:

Fast Food

Date on Market:

2026-03-04