Scooter's Coffee (GL)

1752 North Highway 395, Minden, NV 89423

$1,363,000

Cap Rate 5.50%

$1,363,600

Cap Rate 5.50%

Views: 154 DOM: 114 Updated: 07.01.24 Posted: 12.20.23 Status: Sold 04.12.24

Summary

Price $1,363,000 $1,363,600	Built/Renov 2024	Tenant Scooter's Coffee (GL)
Cap Rate 5.50% 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 678	Lease Start 12-15-2023	#Units 1
Price/SF $2,010.32 $2,011.21	Expiration 12-14-2038	Tenant Type Fast Food/QSR
NOI $75,000	R. Term 13.11	Ownership Ground Lease
Rent/SF $110.62	Increases 10.0%/5/yrs	Pop 5Mi 18,479
Lot/AC 0.58	Options 4/5yrs/10%	AHHI 5Mi $110,572

Patrick Luther

SRS National Net Lease Group

Contact

Lease Highlights

Brand-new 2024 construction
Scooter’s Coffee recently signed a brand-new 15-year lease with 4 (5-year) option periods to extend
The lease features 10% rental increases every 5 years and at the beginning of each option period
Absolute NNN ground lease | Zero landlord responsibilities
Personal guarantee for 10 years

Location Description

Scooter’s Coffee is located along U.S. Highway 395, a major retail thoroughfare, with access to 30,500 vehicles passing by daily. The property benefits from excellent visibility, strategically positioned near the signalized, hard corner intersection U.S. Highway 395 and State Highway 88 (42,800 VPD). The location is in close proximity to national/credit tenants including McDonald’s, Dairy...

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Key Features

New construction
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Major MSA
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

Scooter's Coffee Wikipedia Minden, Nevada Zip Code 89423 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:Johnson Java 1672, LLC
# Units:1
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
2028 Total Population :	3,579	9,671	19,183
2023 Total Population :	2,955	8,945	18,479
2023 Employed Civilian Pop :	1,323	3,738	7,521
2023 Total Businesses :	312	742	1,341
2023 Average Household Income :	$ 104,678	$ 96,477	$ 110,572
2023 Total Consumer Spending :	$ 124 M	$ 338 M	$ 781 M
2023 Median Age :	58	51	52
2023 Total Households :	1,378	4,081	8,228
2023 Pop Age 25+: Bachelor's Degree :	577	1,594	3,136
2023 Average Home Value :	$ 532,927	$ 489,280	$ 613,030

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US Hwy 395	State Hwy88	2002	24,900	0.02 mi
US Hwy 395	State Rte 88	2019	14,300	0.10 mi
	Lucerne St	2022	23,100	0.20 mi
Ironwood Drive	Ironwood Dr	2022	1,200	0.20 mi
Ironwood Dr	Pinewood Dr	2015	1,000	0.20 mi
Ironwood Drive	Pinewood Dr	2022	1,050	0.26 mi
	Hwy 395	2022	12,300	0.26 mi
	Ironwood Dr	2019	30,500	0.36 mi
	Ironwood Dr	2022	24,000	0.36 mi
County Rd	Library Ln	2015	3,000	0.40 mi

Listing Broker

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