Scooter's Coffee

7971 Highway 51, Millington, TN 38053

$1,530,000

Cap Rate 6.74%

Views: 59 DOM: 50 Updated: 12.04.24 Posted: 11.01.24 Status: Active

Summary

Price $1,530,000	Built/Renov 2023	Tenant Scooter's Coffee
Cap Rate 6.74%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 664	Lease Start 09-08-2023	#Units 800
Price/SF $2,304.22	Expiration 09-30-2033	Tenant Type Fast Food/QSR
NOI $103,124	R. Term 8.9	Ownership Fee Simple
Rent/SF $155.31	Increases 10.0%/5/yrs	Pop 5Mi 22,231
Lot/AC 0.71	Options 4/5yrs/10%	AHHI 5Mi $75,838

Ryan Gomez

Cushman & Wakefield

Contact

Lease Highlights

Brand new construction | Store opened September 2023
New 10-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
Corporate guarantee

Location Description

Scooter's Coffee is strategically located on Highway 51, a prominent retail thoroughfare with access to 24,358 vehicles passing by daily. The property benefits from dual ingress/egress, enhancing accessibility for customers. It is situated within a prime retail trade area, just 1 mile from Huntington Estates, a single-family home community currently under construction. Additionally, the site...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Top 100 MSA
Income tax free state
Absolute NNN
Corporate Guarantee

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Links

Scooter's Coffee Wikipedia Scooter's Coffee Wikipedia Millington, Tennessee Zip Code 38053 Broker Site Page Drone video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Corporate
Company:Scooter's Coffee
# 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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