Scooter's Coffee (GL)

2280 Cherry Road, Rock Hill, SC 29732

$1,120,000

Cap Rate 6.07%

$1,133,000

Cap Rate 6.00%

Views: 123 DOM: 5 Updated: 08.29.24 Posted: 07.10.24 Status: Sold 07.16.24

Summary

Price $1,120,000 $1,133,000	Built/Renov 2024	Tenant Scooter's Coffee (GL)
Cap Rate 6.07% 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 627	Lease Start 09-01-2024	#Units 4
Price/SF $1,786.28 $1,807.02	Expiration 08-31-2044	Tenant Type Fast Food/QSR
NOI $68,000	R. Term 19.8	Ownership Ground Lease
Rent/SF $108.45	Increases 10.0%/5/yrs	Pop 5Mi 116,683
Lot/AC 0.48	Options 2/5yrs/10%	AHHI 5Mi $97,043

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Brand-new 2024 construction
New 20-year ground lease with 2 (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 SAS Coffee, LLC (4 units backed)

Location Description

Scooter's Coffee is strategically located on Cherry Road, with access to 32,300 vehicles passing by daily. The property is conveniently situated less than one mile from the I-77 exit and is surrounded by well-known national tenants, including Publix, Aldi, Chick-Fil-A, Chipotle, Dunkin', Burger King, and more. The 5-mile trade area is supported by a population of 116,683 residents with an...

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Key Features

New construction
Build to suit
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Personal guarantee

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Links

Scooter's Coffee Wikipedia Rock Hill, South Carolina Zip Code 29732 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:SAS Coffee, LLC
# Units:4
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
2029 Total Population :	8,027	53,057	128,028
2024 Total Population :	7,596	49,474	118,310
2024 Employed Civilian Pop :	4,077	25,112	58,439
2024 Total Businesses :	413	1,978	4,136
2024 Average Household Income :	$ 68,114	$ 98,717	$ 106,128
2024 Total Consumer Spending :	$ 205 M	$ 1767 M	$ 4352 M
2024 Median Age :	34	36	38
2024 Total Households :	3,337	20,268	46,676
2024 Pop Age 25+: Bachelor's Degree :	769	7,777	20,215
2024 Average Home Value :	$ 289,286	$ 370,951	$ 396,590

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Cherry Road	Plz Blvd	2022	32,300	0.16 mi
Mount Gallant Road	Nations Ct	2022	13,600	0.41 mi
Eden Terrace	Evergreen Ln	2022	8,000	0.42 mi
North Cherry Road	Cherry Rd	2022	41,200	0.43 mi
North Cherry Road	Cherry Rd	2021	39,500	0.43 mi
Cherry Rd	Riverview Rd	2017	36,100	0.49 mi
Riverview Road	Riverchase Blvd	2022	4,600	0.58 mi
Mount Gallant Road	Ferris St	2022	12,800	0.64 mi
Celanese Rd	Riverview Rd	2019	55,000	0.73 mi
	Riverchase Blvd	2022	47,400	0.76 mi

Listing Broker

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