Scooter's Coffee

1825 12th Avenue Northwest, Ardmore, OK 73401

$1,600,000

Cap Rate 7.00%

Views: 112 Updated: 09.30.24 Posted: 03.21.24 Status: Inactive 10.02.24

Summary

Price $1,600,000	Built/Renov 2023	Tenant Scooter's Coffee
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 550	Lease Start 11-01-2024	#Units 1
Price/SF $2,909.09	Expiration 10-31-2039	Tenant Type Fast Food/QSR
NOI $112,000	R. Term 14.10	Ownership Fee Simple
Rent/SF $203.64	Increases 10.0%/5/yrs	Pop 5Mi 26,928
Lot/AC 0.00	Options 3/5yrs/10%	AHHI 5Mi $68,473

Lease Highlights

Brand new 2023 construction
Scooters Coffee will be executing a brand-new 15-year lease with 3 (5-year) options to extend at the close of escrow
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Scooter's Coffee is strategically located on 12th Avenue NW, the main retail thoroughfare, with access to 15,900 vehicles passing by daily. The property occupies a prime location, surrounded by well-known national tenants including Lowe’s, Walmart Supercenter, Hobby Lobby, Ross, Petco, Old Navy, and more. Furthermore, this property gains an advantage as the sole national coffee QSR location...

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Key Features

New construction
Build to suit
Dense retail corridor
Shopping Ctr out-parcel
Freeway close
Brand new lease
Long 15+ yr lease
Absolute NNN
Top performing store
Personal guarantee

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Links

Scooter's Coffee Wikipedia Ardmore, Oklahoma Zip Code 73401 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:Franchisee
# Units:1
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 :	5,548	23,124	27,209
2023 Total Population :	5,665	23,163	27,302
2023 Employed Civilian Pop :	2,617	10,177	12,154
2023 Total Businesses :	623	1,707	1,844
2023 Average Household Income :	$ 62,407	$ 69,598	$ 72,162
2023 Total Consumer Spending :	$ 132 M	$ 575 M	$ 690 M
2023 Median Age :	40	39	39
2023 Total Households :	2,429	9,446	10,963
2023 Pop Age 25+: Bachelor's Degree :	443	2,130	2,723
2023 Average Home Value :	$ 232,198	$ 196,899	$ 207,089

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Kiowa	2021	12,400	0.12 mi
North Commerce Street	9th Ave NW	2021	16,200	0.53 mi
	4th Ave NW	2021	4,500	0.54 mi
	K St NW	2021	9,700	0.61 mi
	Woerz Way	2021	11,800	0.64 mi
	N Commerce St	2021	1,800	0.70 mi
	Merrick Dr	2021	6,100	0.75 mi
	15th Ave NW	2021	4,200	0.76 mi
	Rina Park Rd	2021	2,600	0.78 mi
	Holiday Dr	2021	2,500	0.80 mi

Listing Broker

Tyler Strauss

Faris Lee Investments

Contact

16 Listings
2892 Views
9 Sold

Hunter Steffien

Faris Lee Investments

Contact

21 Listings
3829 Views
12 Sold

Tyler Strauss

As an Associate at Faris Lee Investments, Mr. Strauss specializes in the acquisition and disposition of single-tenant net leased investments, national portfolios and sale/leasebacks nationwide. Furthermore, Tyler specializes in creative solutions including but not limited to lease structure, development advisory, break-ups, and pre-sale strategies. In addition, his clients benefit from his financial counsel and ability to produce customized marketing programs to maximize the best outcome. Mr. S

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Hunter Steffien

As a Director at Faris Lee Investments, Hunter Steffien specializes in the acquisition and disposition of net leased investments with a specific focus Single Tenant Assets. Mr. Steffien hit the ground running with Faris Lee Investments by quickly becoming a top performer in the company and earning an astounding reputation amongst his clients who consist of private-office owners, developers, REITS, franchisees & corporate restaurant chains. Mr. Steffien’s early and continued success is based

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