Starbucks NNN — Atoka, TN

Updated November 5, 2026

$2,800,000 · 6.25% CAP · 9.7 YRS

New 2026 Starbucks at 11129 US-51 in Atoka, about 2,478 SF on 1.16 acres, asking $2,800,000 at a 6.25% cap on $175,000 rent. Starbucks Corporation guarantees the lease. Rent began June 2026 and the term runs to June 2036, about 9.7 years. Rent climbs 10% each five years, and Starbucks holds four 5-year renewals. Under the NN lease the landlord keeps roof, structure, parking and common areas, so confirm reimbursements in the lease. Frontage on US-51 at about 18,000 vehicles per day. Atoka is in Tipton County in the Memphis MSA.

Lease Abstract

Price

$2,800,000

Cap rate

6.25% CAP

NOI

$175,000

Term remaining

9.7 YRS

Lease type

NN

Increases

10% every 5 years, including options

Options

4 x 5-year

Guarantee

Corporate

Building

2,478 SF

Lot

1.16 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,478 SF building, built 2026, 1.16 acres of land. $1,130/SF asking, $70.62/SF NOI. Rent increases: 10% every 5 years, including options. Renewal options: 4 x 5-year. Corporate guarantee. Primary term ends around 2036 (9.7 yrs left at listing, Nov 2026).

Location

Atoka, Tennessee — 11129 US-51, Atoka, TN 38004. Full address and offering memorandum released on request — see our Starbucks tenant guide and the Tennessee market page for the underwriting context.