Scooter's Coffee (GL)

1085 West 12th Street, Marriott-Slaterville, UT 84404

$1,045,870

Cap Rate 5.45%

Views: 146 DOM: 167 Updated: 11.15.24 Posted: 06.07.24 Status: Active

Summary

Price $1,045,870	Built/Renov 2023	Tenant Scooter's Coffee (GL)
Cap Rate 5.45%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 678	Lease Start 06-01-2023	#Units 1
Price/SF $1,542.58	Expiration 05-31-2033	Tenant Type Fast Food/QSR
NOI $57,000	R. Term 8.6	Ownership Ground Lease
Rent/SF $84.07	Increases 10.0%/5/yrs	Pop 5Mi 159,358
Lot/AC 0.61	Options 4/5yrs/10%	AHHI 5Mi $89,771

Mike Sladich

Northmarq

Contact

Lease Highlights

New 2023 construction
Scooter’s Coffee has 8+ years remaining on the current ground lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the primary term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Scooter’s Coffee is strategically located on West 12th Street, with access to 29,810 vehicles passing by daily. The property is positioned as an outparcel to an IFA Country Store and is part of a bustling shopping center that includes newly constructed adjacent retail buildings such as Burly Burger and State Farm, as well as a Take 5 Car Wash. The immediate area is surrounded by well-known...

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Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Strategically located
Freeway close
Top 100 MSA
Absolute NNN
Personal guarantee

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Links

Scooter's Coffee Wikipedia Marriott-Slaterville, Utah Zip Code 84404 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:Franchisee
# 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
2029 Total Population :	3,072	56,296	167,786
2024 Total Population :	2,828	52,861	161,429
2024 Employed Civilian Pop :	1,065	25,872	84,374
2024 Total Businesses :	180	2,537	4,634
2024 Average Household Income :	$ 110,745	$ 89,868	$ 98,679
2024 Total Consumer Spending :	$ 47 M	$ 1580 M	$ 5002 M
2024 Median Age :	33	33	33
2024 Total Households :	486	19,822	57,649
2024 Pop Age 25+: Bachelor's Degree :	277	4,884	18,384
2024 Average Home Value :	$ 538,398	$ 436,599	$ 475,424

*ESRI data is presented for informational purposes only

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