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Views: 24 Updated: 04.25.23 Posted: 11.04.22 Status: Sold 09.15.22

Summary

Price $1,250,000 $1,300,000
Built/Renov 2022
Tenant Scooter's Coffee (GL)
Cap Rate 5.20% 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 544
Lease Start 10-01-2022
#Units 500
Price/SF $2,297.79 $2,389.71
Expiration 09-30-2032
Tenant Type Fast Food/QSR
NOI $65,000
R. Term 7.9
Ownership Ground Lease
Rent/SF $119.49
Increases 10.0%/5/yrs
Pop 5Mi 267,909
Lot/AC 0.60
Options 2/5yrs/10%
AHHI 5Mi $75,649

Lease Highlights

  • The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend
  • 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Personally guaranteed by the owners/operators of Beanheads, LLC

Location Description

Scooter’s Coffee is located near the signalized, hard corner intersection of Camelback Road and North 107th Avenue in Phoenix, AZ. The site averages a combined 40,700 vehicles passing by daily. The building is complete with a drive-thru, providing ease and convenience for customers. The site is strategically situated directly across from Camelback Ranch - Glendale (118,000 SF), a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Scooter’s Coffee is a drive-thru specialty coffeehouse chain that was founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska.  With a simple formula in mind: high-quality drinks, speed of...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 17,858 95,249 300,048
2022 Total Population : 17,360 89,950 286,081
2022 Employed Civilian Pop : 9,548 48,414 141,119
2022 Total Businesses : 170 1,400 4,666
2022 Average Household Income : $ 85,754 $ 94,105 $ 88,942
2022 Total Consumer Spending : $ 405 M $ 2297 M $ 6947 M
2022 Median Age : 32 32 32
2022 Total Households : 5,481 28,347 90,308
2022 Pop Age 25+: Bachelor's Degree : 1,464 8,286 23,623
2022 Average Home Value : $ 270,457 $ 310,209 $ 317,061
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Highland Ave N 109th Ave 2014 1,061 0.27 mi
W Camelback Rd N 107th Ave 2018 25,278 0.30 mi
N 105th Ave W Reade Ave 2011 1,559 0.31 mi
W Camelback Rd N 105th Ave 2014 31,130 0.35 mi
N 111th Ave W Pierson St 2011 8,270 0.45 mi
N 107th Ave W Missouri Ave 2018 991 0.46 mi
N 107th Ave W Campbell Ave 2011 9,597 0.47 mi
N 111th Ave W Highland Ave 2011 1,637 0.47 mi
N 103rd Ave N 105th Ave 2012 2,077 0.50 mi
W Campbell Ave N 105th Ave 2018 1,982 0.52 mi

Listing Broker

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