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Total Building GLA
664 SF
Absolute NNN
10 Years
2024 Construction
Drive-Thru
Excellent Access
30K VPD
Attractive Demos (5 Mi)
153k Residents
INVESTMENT HIGHLIGHTS
Long-Term Absolute NNN Ground Lease 10-year Absolute NNN ground lease with zero landlord responsibilities
Attractive Rent Increases 10% every 5 years
New 2024 Construction with Latest Drive-Thru Prototype Brand new 2024 construction with Scooter’s latest drive-thru prototype and a 7-car drive thru stack
Multi-Unit Franchisee w/Personal Guaranty The Lease is personally guaranteed by a 6-unit franchisee in the Austin market
Low Price and Exceptional Residual Value The small price point allows investors entry into the coffee space for a smaller initial investment than competing concepts
Prominent Outparcel to Gateway at Leander The Property sits within the Gateway at Leander shopping center (3.8 million annual visits per Placer.ai)
Near Major Traffic Drivers The Property is an outparcel to Kohl’s and is further surrounded by many national retailers such as Lowe’s, Planet Fitness, Petco, Chick-fil-A, McDonald’s, Taco Bell, and many more
Austin MSA Location Leander, TX is a suburb of the Austin which was crowned the Nation’s Fastest Growing Large City in 2018 and 2019
High-Growth and Affluent Demographics The Property is surrounded by nearly 78K residents within 3 miles earning an average household income of $143K+
