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Building Size
629 SF
Land (Acres)
0.50 AC
Rent Increases
10% Every 5 Years
Lease Structure
Absolute NNN
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 at closing. 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 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.
