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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.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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