1181 Poplar Ave - Freestanding FOR SALE


Collierville, TN 38017
$3,146,000 USD
818-632-0233
1181 Poplar Ave, Collierville, TN for Sale
$3,146,000 USD
Freestanding - FOR SALE
1/10
null | 5.25% Cap Rate

1181 Poplar Ave
Collierville, TN 38017


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Part of the 443-acre Schilling Farms Development | Adjacent to Water Tower District Development | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Dutch Bros Coffee investment property located in Collierville, Tennessee. The tenant, BB Holdings TN, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property features brand new construction with a state of the art design.

FOR SALE DETAILS

PRICE

$3,146,000 USD

PRICE/SF

$3,312 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dutch Bros | Part of 443-Acre Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

R-1

APN/PARCEL ID

C02-44 - -A-00608

ASK ABOUT THIS PROPERTY

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818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.