15229 S First St - Freestanding FOR SALE


Milan, TN 38358
$2,243,903 USD
954-290-6366
15229 S First St, Milan, TN for Sale
$2,243,903 USD
Freestanding - FOR SALE
1/4
null | 6.15% Cap Rate

15229 S First St
Milan, TN 38358


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,243,903 USD

PRICE/SF

$979 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

B-2

APN/PARCEL ID

143-068.00

ASK ABOUT THIS PROPERTY

Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

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Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

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