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Views: 22 DOM: 8 Updated: 11.05.24 Posted: 11.01.24 Status: Active

Summary

Price $1,714,000
Built/Renov 2023
Tenant Scooter's Coffee
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 669
Lease Start 12-27-2023
#Units 800
Price/SF $2,562.03
Expiration 12-31-2038
Tenant Type Fast Food/QSR
NOI $120,000
R. Term 14.1
Ownership Fee Simple
Rent/SF $179.37
Increases 10.0%/5/yrs
Pop 5Mi 231,382
Lot/AC 0.28
Options 2/5yrs/10%
AHHI 5Mi $62,514

Lease Highlights

  • Brand new construction | Store opened December 2023
  • 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 signalized, hard corner intersection of Poplar Avenue and N Evergreen Street, with access to a combined daily traffic count of 25,000 vehicles. The property is in close proximity to notable national retailers including Planet Fitness, The Home Depot, Kroger, Walgreens, Taco Bell, and more. It is just one mile off I-69, which sees 98,353 VPD 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 16,032 102,025 210,343
2023 Total Population : 15,838 100,580 209,792
2023 Employed Civilian Pop : 8,641 42,853 88,803
2023 Total Businesses : 1,048 5,238 8,234
2023 Average Household Income : $ 94,800 $ 68,657 $ 71,337
2023 Total Consumer Spending : $ 709 M $ 2797 M $ 5832 M
2023 Median Age : 41 38 37
2023 Total Households : 8,603 46,379 93,260
2023 Pop Age 25+: Bachelor's Degree : 4,271 14,613 27,486
2023 Average Home Value : $ 383,281 $ 259,580 $ 254,688
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Evergreen Street Poplar Ave 2022 1,862 0.02 mi
North Avalon Street Ct Ave 2022 6,258 0.31 mi
N. MCLEAN BLVD. Jefferson Ave 2021 12,123 0.37 mi
North McLean Boulevard Edward Ave 2022 10,283 0.37 mi
POPLAR AVE. Stonewall St 2021 30,230 0.39 mi
Poplar Avenue N Auburndale St 2022 22,628 0.39 mi
North McNeil Street Joy Pl 2022 526 0.45 mi
Madison Avenue N McNeil St 2022 10,771 0.53 mi
South Belvedere Boulevard Peabody Ave 2022 4,716 0.69 mi
Overton Park Avenue N Cleveland St 2022 2,068 0.78 mi

Listing Broker

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