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Views: 36 DOM: 90 Updated: 05.20.24 Posted: 03.14.24 Status: Active

Summary

Price $1,920,000
Built/Renov 2024
Tenant Scooter's Coffee
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 664
Lease Start 01-01-2024
#Units 777
Price/SF $2,891.57
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $120,000
R. Term 15.6
Ownership Fee Simple
Rent/SF $180.72
Increases 10.0%/5/yrs
Pop 5Mi 198,642
Lot/AC 0.89
Options 2/5yrs/10%
AHHI 5Mi $98,788

Lease Highlights

  • Scooters Coffee recently executed a brand new 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Scooter's Coffee is strategically located near the signalized, hard corner intersection of Riverdale Road and Winchester Road, with access to a substantial combined daily traffic count of 73,300 vehicles. The property is located within a dense retail corridor that features well-known national tenants, including Take 5 Car Wash, IHOP, Jiffy Lube, Home Depot, McDonald’s, Walgreens, Waffle House,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Scooter's Coffee
  • Guarantor:Corporate
  • Company:Scooter's Coffee
  • # Units:777
  • 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 : 9,843 99,201 190,675
2023 Total Population : 9,863 100,281 192,592
2023 Employed Civilian Pop : 5,221 50,728 97,954
2023 Total Businesses : 366 2,644 7,552
2023 Average Household Income : $ 71,828 $ 81,165 $ 102,672
2023 Total Consumer Spending : $ 246 M $ 2780 M $ 6707 M
2023 Median Age : 34 34 37
2023 Total Households : 3,931 39,424 75,837
2023 Pop Age 25+: Bachelor's Degree : 952 13,311 31,083
2023 Average Home Value : $ 254,458 $ 251,471 $ 307,733
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Riverdale Road Starkenburg Ln 2022 38,137 0.16 mi
Riverdale Rd Birch Run Ln 2014 35,521 0.20 mi
South Germantown Road Seville Ln 2022 13,250 0.33 mi
Riverdale Road Riverdale Bend Dr 2022 35,118 0.38 mi
Winchester Road Brownbark Dr 2022 25,776 0.42 mi
HOUSTON-LEVEE RD. Brownbark Dr 2021 40,097 0.42 mi
Birch Run Lane Lucerne Dr 2022 1,285 0.49 mi
Riverdale Bend Dr 2022 2,268 0.50 mi
Riverdale Bend Dr 2022 2,527 0.56 mi
Riverdale Rd Club Ln 2008 37,152 0.56 mi

Listing Broker

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