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Views: 21 DOM: 8 Updated: 11.05.24 Posted: 11.01.24 Status: Active

Summary

Price $1,655,000
Built/Renov 2024
Tenant Scooter's Coffee
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 664
Lease Start 02-23-2024
#Units 800
Price/SF $2,492.47
Expiration 02-28-2039
Tenant Type Fast Food/QSR
NOI $120,000
R. Term 14.3
Ownership Fee Simple
Rent/SF $180.72
Increases 10.0%/5/yrs
Pop 5Mi 185,783
Lot/AC 0.85
Options 2/5yrs/10%
AHHI 5Mi $93,667

Lease Highlights

  • Brand new construction | Store opened February 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 at the hard corner intersection of Riverdale Road and Malco Crossing, with access to a combined daily traffic count of 37,152 vehicles. The property is ideally situated just off State Route 385, which sees 126,300 VPD, and benefits from dual ingress/egress. Nearby amenities include several hotels with over 970 rooms, and the area features notable...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,843 99,201 190,675
2023 Total Population : 9,863 100,281 192,592
2023 Employed Civilian Pop : 5,221 50,728 97,954
2023 Total Businesses : 366 2,644 7,552
2023 Average Household Income : $ 71,828 $ 81,165 $ 102,672
2023 Total Consumer Spending : $ 246 M $ 2780 M $ 6707 M
2023 Median Age : 34 34 37
2023 Total Households : 3,931 39,424 75,837
2023 Pop Age 25+: Bachelor's Degree : 952 13,311 31,083
2023 Average Home Value : $ 254,458 $ 251,471 $ 307,733
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Riverdale Road Starkenburg Ln 2022 38,137 0.16 mi
Riverdale Rd Birch Run Ln 2014 35,521 0.20 mi
South Germantown Road Seville Ln 2022 13,250 0.33 mi
Riverdale Road Riverdale Bend Dr 2022 35,118 0.38 mi
Winchester Road Brownbark Dr 2022 25,776 0.42 mi
HOUSTON-LEVEE RD. Brownbark Dr 2021 40,097 0.42 mi
Birch Run Lane Lucerne Dr 2022 1,285 0.49 mi
Riverdale Bend Dr 2022 2,268 0.50 mi
Riverdale Bend Dr 2022 2,527 0.56 mi
Riverdale Rd Club Ln 2008 37,152 0.56 mi

Listing Broker

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