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Views: 52 DOM: 20 Updated: 11.05.24 Posted: 11.01.24 Status: Active

Summary

Price $1,786,000
Built/Renov 2024
Tenant Scooter's Coffee
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 664
Lease Start 12-01-2024
#Units 800
Price/SF $2,689.76
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $125,004
R. Term 15.1
Ownership Fee Simple
Rent/SF $188.26
Increases 10.0%/5/yrs
Pop 5Mi 23,705
Lot/AC 0.63
Options 2/5yrs/10%
AHHI 5Mi $132,759

Lease Highlights

  • Brand new construction | Anticipated store opening Q4 2024
  • New 15-year lease with 2 (5-year) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Scooter’s Coffee ranked #2 on Entrepreneur’s Franchise 500 list in 2024
  • Personal guaranty

Location Description

Scooter's Coffee is strategically located on Airline Road, with access to 15,147 vehicles passing by daily. The property is positioned near prominent national retailers such as Wendy's, Sonic Drive-In, McDonald's, Waffle House, Domino's, and more. Conveniently situated just 1 mile from Highway 70, which sees 13,269 VPD, the site benefits from high accessibility for both local residents and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Scooter's Coffee
  • Guarantor:Franchisee
  • Company:Hudson Ventures, LLC
  • # Units:800
  • Stock:Private

About Tenant

Founded in 1998, Scooter's Coffee is a specialty coffee franchise brand that is known for its drive-thru coffee kiosks and coffeehouses. The company is the second-largest drive-thru coffee...


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Listing Broker

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