Scooter's Coffee (GL)

550 North Galloway Avenue, Mesquite, TX 75149

$866,142

Cap Rate 6.35%

Views: 131 DOM: 214 Updated: 11.25.24 Posted: 04.25.24 Status: Sold 11.25.24

Summary

Price $866,142	Built/Renov 2023	Tenant Scooter's Coffee (GL)
Cap Rate 6.35%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 664	Lease Start 02-08-2023	#Units 1
Price/SF $1,304.43	Expiration 02-28-2033	Tenant Type Fast Food/QSR
NOI $55,000	R. Term 8.2	Ownership Ground Lease
Rent/SF $82.83	Increases 10.0%/4/yrs	Pop 5Mi 242,702
Lot/AC 0.21	Options 4/5yrs/10%	AHHI 5Mi $76,622

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Brand new 2023 construction
Scooter’s Coffee has 8+ years remaining on the current ground lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by 6 Star Coffee, LLC

Location Description

Scooter’s Coffee is strategically located on North Galloway Avenue, with access to 14,654 vehicles passing by daily. The property features a newly constructed location within a center anchored by Family Dollar/Dollar Tree, Five Below, and Hibbett Sports. Additionally, it is positioned near Dallas commuter routes and surrounded by other national tenants such as Kroger, Walmart, CVS, and more....

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Key Features

New construction
Build to suit
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Personal guarantee

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Links

Scooter's Coffee Wikipedia Mesquite, Texas Zip Code 75149 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:6 Star Coffee, LLC
# 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 :	12,856	91,984	243,292
2023 Total Population :	13,182	92,706	242,883
2023 Employed Civilian Pop :	6,584	48,501	122,735
2023 Total Businesses :	608	2,681	5,797
2023 Average Household Income :	$ 70,414	$ 80,590	$ 76,586
2023 Total Consumer Spending :	$ 267 M	$ 2121 M	$ 5181 M
2023 Median Age :	34	34	33
2023 Total Households :	4,346	30,250	77,351
2023 Pop Age 25+: Bachelor's Degree :	970	7,840	18,189
2023 Average Home Value :	$ 219,424	$ 274,305	$ 262,129

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Galloway Ave	W Kearney St	2003	14,726	0.03 mi
E Kearney St	W Kearney St	2009	11,250	0.06 mi
N Galloway Ave	W Kimbrough St	2009	13,450	0.15 mi
N Galloway Ave	N Belt Line Rd	2009	14,960	0.19 mi
Debra Dr	E Kearney St	2004	240	0.22 mi
E Kimbrough St	N Bryan Belt Line Rd	2009	21,710	0.23 mi
E Kearney St	Debra Dr	2009	7,770	0.25 mi
W Grubb Dr	N Galloway Ave	2003	2,064	0.29 mi
E Front St		2009	19,510	0.29 mi
Melinda Dr	E Grubb Dr	2004	140	0.29 mi

Listing Broker

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