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INVESTMENT HIGHLIGHTS
Quality 2023 construction Scooter’s Coffee operating on an absolute NNN 10-year ground lease with rent commencement that began June 1, 2023.
10% rental increases scheduled every five years, including at the start of all four, five-year option periods.
Strong intrinsic value, as the purchase price is $450k to $550k below replacement costs of an estimated $1,500,000 to $1,600,000 total replacement value.
Scooter’s Coffee is a dynamic brand with more than 815+ locations and growing, and was ranked #2 overall on Yelp’s 2024 rankings of the Top 50 Growing Brands list.
Located within a large employment area across from the Ogden IRS campus with more than 5,000 employees and nestled between other business parks. There are strong area demographics with 159,000+ people within 5-miles with household income exceeding $89,000 per year.
Personal Guarantee from strong operator(s).
Located in an IFA Country Store outparcel near several retailers including Winco Foods, Ross Dress 4 Less, Napa Auto Parts, Home Depot, and more.
Exclusively Listed By
Mike Sladich
Regional Managing Director Email Broker UT Lic. #11038116-AB00
