25 Land Wy Suite A st - Retail FOR SALE


Oakland, TN 38060
$2,143,000 USD
404-934-5558
25 Land Wy Suite A st, Oakland, TN for Sale
$2,143,000 USD
Retail - FOR SALE
1/4
null | 6.5% Cap Rate

25 Land Wy Suite A st
Oakland, TN 38060


HIGHLIGHTS

  • Brand new construction with drive thru featuring a fresh 10-year initial term
  • Hwy 64 frontage (24,000+ VPD) approximately 7 miles east of Interstate 269 and 30 miles northeast of Downtown Memphis
  • Affluent submarket | $104,000+ AHHI and $304,000+ median home value within 1-mile
  • The population is projected to grow 14% by 2030 within a 1-mile radius
  • Limited competition | Only Starbucks within 8-mile radius – next closest location is in Arlington, TN
  • 15 miles southwest of Ford's planned $5.6B BlueOval City in Stanton, TN

OVERVIEW

TSCG is pleased to offer for sale a brand-new Starbucks with a drive thru in Oakland (Memphis MSA), TN. This prime investment opportunity is situated along Hwy 64 (24,000+ VPD), approximately 30 miles northeast of Downtown Memphis. Northeast Memphis is seeing tremendous growth due to Ford’s BlueOval City in Stanton, TN, which could total over $5B in investment and create 6,000 direct jobs upon completion. Major retailers in the immediate Oakland area include Walmart, Kroger, McDonald’s, Chick-fil-A (proposed), Taco Bell, Ace Hardware, Wendy’s, Burger King and Tropical Smoothie (proposed).

FOR SALE DETAILS

PRICE

$2,143,000 USD

PRICE/SF

$875 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks with Drive Thru | Memphis MSA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

024086L G 00300

ASK ABOUT THIS PROPERTY

404-934-5558

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404-934-5558

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