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

Summary

Price $1,586,000
Built/Renov 2024
Tenant Scooter's Coffee
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 616
Lease Start 02-26-2024
#Units 800
Price/SF $2,574.68
Expiration 02-28-2039
Tenant Type Fast Food/QSR
NOI $114,996
R. Term 14.3
Ownership Fee Simple
Rent/SF $186.68
Increases 10.0%/5/yrs
Pop 5Mi 77,692
Lot/AC 0.47
Options 2/5yrs/10%
AHHI 5Mi $91,904

Lease Highlights

  • Brand new construction | Store opened February 2024
  • New 15-year lease with 4 (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 Cockrum Road, with access to 25,000 vehicles passing by daily. The property is situated within 1 mile of Highway 78, which sees 33,000 VPD. It is less than 2 miles from Bridges of Camp Creek, a new mixed-use development project currently in Phase 2 of construction. In close proximity is The Cascades, a proposed 84-acre mixed-use development that...

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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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