Shopping Strip
New Construction Starbucks and Chipotle | Freestanding with Drive-Thrus
4726 Summer Ave, Memphis, TN 38122
Listing Price: $3,999,829
Cap Rate
5.25%
Gross SF
4,425
Rentable SF
4,425
Price/Gross SF
$903.92
Lot Size
2.90 acres
Year Built
2022
Investment Overview
Marcus & Millichap is pleased to bring to market the Starbucks and Chipotle Mexican Grill, located in Memphis, TN.
New Construction Starbucks and Chipotle | Freestanding with Drive-Thrus
Investment Highlights
- Brand New 2022 Build-to-Suite Construction with Category Leaders | Free Standing Chipotle & Starbucks
- Chipotle: 15 Year NNN Lease Equipped w/ 7.5% Increases Every 5 Years
- Starbucks: 10 Year Firm NN Lease w/ 7.5% Increases Every 5 Years
- Highly Desirable Modern Construction Free Standing Assets Equipped w/ Drive-Thru
- Excellent Visibility Along Summer Ave with Nearly 29,500 VPD | Memphis Area Transit Authority Bus Line
- Positioned Less than One Mile from I-40/Isaac Hayes Memorial Hwy with Nearly 181,500 VPD and Less than One-Half Mile from Sam Cooper Blvd with Over 67,500 VPD
- Surrounding National Tenants Include Kroger, Aldi Grocery, TJ Maxx, Lowe's, Walgreens, Starbucks, Chick-Fil-A, McDonald's, Smoothie King, Harbor Freight Tools, Planet Fitness, Hibbett Sports, Family Dollar, Dollar Tree, Dollar General, AutoZone, Advance Auto Parts, and O'Reilly Auto Parts
- Over 23 Percent Median Household Income Growth Since 2000 within One Mile with Projected Six Percent Growth in the Next Five Years | Nearly 215,000 Residents and Over 268,800 Employees within Five Miles | Memphis is the Second Most Populous City in TN and the Largest City Located Along the Mississippi River
Exclusively Listed By
Broker of Record
Financing By
Shopping Strip
New Construction Starbucks and Chipotle | Freestanding with Drive-Thrus
Listing Price: $3,999,829
Cap Rate
5.25%
Gross SF
4,425
Rentable SF
4,425
Price/Gross SF
$903.92
Lot Size
2.90 acres
Year Built
2022
Investment Highlights
- Brand New 2022 Build-to-Suite Construction with Category Leaders | Free Standing Chipotle & Starbucks
- Chipotle: 15 Year NNN Lease Equipped w/ 7.5% Increases Every 5 Years
- Starbucks: 10 Year Firm NN Lease w/ 7.5% Increases Every 5 Years
- Highly Desirable Modern Construction Free Standing Assets Equipped w/ Drive-Thru
- Excellent Visibility Along Summer Ave with Nearly 29,500 VPD | Memphis Area Transit Authority Bus Line
- Positioned Less than One Mile from I-40/Isaac Hayes Memorial Hwy with Nearly 181,500 VPD and Less than One-Half Mile from Sam Cooper Blvd with Over 67,500 VPD
- Surrounding National Tenants Include Kroger, Aldi Grocery, TJ Maxx, Lowe's, Walgreens, Starbucks, Chick-Fil-A, McDonald's, Smoothie King, Harbor Freight Tools, Planet Fitness, Hibbett Sports, Family Dollar, Dollar Tree, Dollar General, AutoZone, Advance Auto Parts, and O'Reilly Auto Parts
- Over 23 Percent Median Household Income Growth Since 2000 within One Mile with Projected Six Percent Growth in the Next Five Years | Nearly 215,000 Residents and Over 268,800 Employees within Five Miles | Memphis is the Second Most Populous City in TN and the Largest City Located Along the Mississippi River
Investment Overview
Marcus & Millichap is pleased to bring to market the Starbucks and Chipotle Mexican Grill, located in Memphis, TN.
Exclusively Listed By
Broker of Record
Financing By
