Scooter's Coffee (GL)

6908 Northwest Barry Road, Kansas City, MO 64153

$1,130,000

Cap Rate 5.75%

Views: 19 DOM: 26 Updated: 04.28.24 Posted: 04.20.24 Status: Active

Summary

Price $1,130,000	Built/Renov 2024	Tenant Scooter's Coffee (GL)
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 665	Lease Start 12-27-2023	#Units 777
Price/SF $1,699.25	Expiration 12-26-2038	Tenant Type Fast Food/QSR
NOI $65,000	R. Term 14.7	Ownership Ground Lease
Rent/SF $97.74	Increases 10.0%/5/yrs	Pop 5Mi 99,455
Lot/AC 0.26	Options 4/5yrs/10%	AHHI 5Mi $103,446

Lease Highlights

Brand new 2024 construction
Scooter’s Coffee has 14+ years remaining on the current ground lease term with 4 (5-year) options to extend
The lease features fluctuating rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Scooter's Coffee is strategically located at the signalized, hard corner intersection of NW Barry Road and Prairie View Road, with access to a combined daily traffic count of 30,000 vehicles. The property is situated at the entrance to a mixed-use Urban Town Center and is surrounded by well-known national tenants including CVS Pharmacy, Buffalo Wild Wings, Starbucks, and more. Additionally, it...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Over 500 units backed

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Links

Scooter's Coffee Wikipedia Kansas City, Missouri Zip Code 64153 Broker Site Page Drone Video (YouTube)

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Corporate
Company:Scooter's Coffee
# Units:777
Stock:Private

About Tenant

Scooter’s Coffee is an American drive-thru specialty coffee kiosk chain. The private company is one of the fastest-growing drive-thru coffee franchises in the nation. Scooter’s prides itself on...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,427	54,553	110,754
2023 Total Population :	10,158	51,782	105,749
2023 Employed Civilian Pop :	5,705	29,134	58,479
2023 Total Businesses :	604	1,576	3,065
2023 Average Household Income :	$ 84,999	$ 112,580	$ 108,975
2023 Total Consumer Spending :	$ 349 M	$ 2128 M	$ 4093 M
2023 Median Age :	38	40	39
2023 Total Households :	4,740	22,021	43,600
2023 Pop Age 25+: Bachelor's Degree :	1,879	11,364	20,730
2023 Average Home Value :	$ 259,437	$ 325,985	$ 325,817

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NW Barry Rd	NW Prairie View Rd	2015	22,067	0.09 mi
	NW Barry Rd	2022	10,687	0.14 mi
	NW 86th St	2022	7,438	0.15 mi
	NW Barry Rd	2022	11,736	0.18 mi
	I- 29	2022	4,190	0.20 mi
NW Barry Rd	I- 29	2018	4,340	0.21 mi
I- 29	NW Barry Rd	2018	12,156	0.22 mi
I- 29	NW Barry Rd	2019	36,990	0.23 mi
NW Prairie View Rd	NW 83 St	2016	8,988	0.27 mi
	NW Prairie View Rd	2022	31,920	0.27 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5147 Views
54 Sold

Bill Asher

Hanley Investment Group

Contact

117 Listings
5280 Views
50 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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