Retail    

SCOOTER' S COFFEE

 Miami, Oklahoma

Asking Price

$1,200,000

Cap Rate

7.00%

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

Icons_Office

Building Size

629 SF

Icons-Acreage

Land (Acres)

0.50 AC

Rent Increases

Rent Increases

10% Every 5 Years

Icons_AbsNNN-Icon

Lease Structure

Absolute NNN

Icons_YrBuilt-Hammer-Icon

Year Built

2023

INVESTMENT HIGHLIGHTS

  • GROWING BRAND - Scooter's Coffee is a growing, regional coffee chain with over 790 locations in 30 states. Scooter's has an average unit volume (AUV) of $885,335 and a 18.1% net profit margin.
  • ABSOLUTE NNN LEASE - The absolute NNN lease ensures completely passive ownership, with Tenant responsible for 100% of all operating and maintenance expenses.
  • LONG-TERM LEASE WITH ESCALATIONS - The property is subject to a brand-new 15-year lease that will commence on 8/1/2024. The Lease provides 10% rental increases every 5 years during the base term and each of the four, five-year renewal options.
  • RAPIDLY GROWING INDUSTRY - Scooter's Coffee is most known for its specialty coffee beverages. According to Yahoo Finance, the global specialty coffee market is projected to expand at 11.3% CAGR from 2023 to 2030.
  • BRAND-NEW CONSTRUCTION - The property features brand-new December 2023 construction of a ± 629 SF drive-thru quick service restaurant offering peak residual value. The property also has a VPD count of 16,466.
  • NATIONAL RETAILER PRESENCE - Located nearby the property are a multitude of national retailers including Walmart, McDonald's and Arby's. Combined, these retailers have an annual foot traffic count of over 1.8 million.
  • ROUTE 66 - The property is situated directly on historic Route 66. Route 66, also known as the "Mother Road," stretches over 2,448 miles and has over 2 million travelers annually.

Exclusively Listed By

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com   
Oklahoma Lic #148554

Northmarq

6120 South Yale Ave | Suite 300
Tulsa, Oklahoma 74136


northmarq.com