Scooter's Coffee 1698 Poplar Ave

This brand new construction Scooter’s Coffee asset opened in December 2023. The investment offers a 15 Year Absolute NNN Lease with two 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is ideally situated at a hard corner signalized intersection of Poplar Ave, N Evergreen St, and N Belvedere Blvd (25,500 combined VPD) with unique positioning for dominant visibility. The newly constructed site sits on 0.28 acre lot with superb frontage in a dense residential area. The subject property is in close proximity to several national retailers such as Planet Fitness, The Home Depot, Kroger Walgreens, and is strategically placed 1 mile off I-69 with 98,353 VPD. There are several hotels with over 560+ rooms combined in a 2 mile radius and the site is less than 1.5 miles from Memphis Zoo with over 1.1MM annual visitors. The site is within 4 miles from Butler Row, a new mixed-use development with 300 luxury apartments (construction to finish Q1 2025).
Affluent demographics with a population of 112,700+ in a 3 mile radius. Scooter’s Coffee is a fast growing U.S. franchise brand with over 800 locations and is ranked #2 on Entrepreneur’s Franchise 500 list in 2024.
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