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Views: 30 DOM: 83 Updated: 05.17.24 Posted: 03.21.24 Status: Active

Summary

Price $1,600,000
Built/Renov 2023
Tenant Scooter's Coffee
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 550
Lease Start 05-01-2024
#Units 1
Price/SF $2,909.09
Expiration 04-30-2039
Tenant Type Fast Food/QSR
NOI $112,000
R. Term 14.10
Ownership Fee Simple
Rent/SF $203.64
Increases 10.0%/5/yrs
Pop 5Mi 26,928
Lot/AC 0.00
Options 3/5yrs/10%
AHHI 5Mi $68,473

Lease Highlights

  • Brand new 2023 construction
  • Scooters Coffee will be executing a brand-new 15-year lease with 3 (5-year) options to extend at the close of escrow
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

Scooter's Coffee is strategically located on 12th Avenue NW, the main retail thoroughfare, with access to 15,900 vehicles passing by daily. The property occupies a prime location, surrounded by well-known national tenants including Lowe’s, Walmart Supercenter, Hobby Lobby, Ross, Petco, Old Navy, and more. Furthermore, this property gains an advantage as the sole national coffee QSR location...

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Maps

  • 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
2028 Total Population : 5,548 23,124 27,209
2023 Total Population : 5,665 23,163 27,302
2023 Employed Civilian Pop : 2,617 10,177 12,154
2023 Total Businesses : 623 1,707 1,844
2023 Average Household Income : $ 62,407 $ 69,598 $ 72,162
2023 Total Consumer Spending : $ 132 M $ 575 M $ 690 M
2023 Median Age : 40 39 39
2023 Total Households : 2,429 9,446 10,963
2023 Pop Age 25+: Bachelor's Degree : 443 2,130 2,723
2023 Average Home Value : $ 232,198 $ 196,899 $ 207,089
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kiowa 2021 12,400 0.12 mi
North Commerce Street 9th Ave NW 2021 16,200 0.53 mi
4th Ave NW 2021 4,500 0.54 mi
K St NW 2021 9,700 0.61 mi
Woerz Way 2021 11,800 0.64 mi
N Commerce St 2021 1,800 0.70 mi
Merrick Dr 2021 6,100 0.75 mi
15th Ave NW 2021 4,200 0.76 mi
Rina Park Rd 2021 2,600 0.78 mi
Holiday Dr 2021 2,500 0.80 mi

Listing Broker

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