Scooter's Coffee

3730 Riverdale Road, Memphis, TN 38115

$1,714,286

Cap Rate 7.00%

Views: 72 DOM: 135 Updated: 07.18.24 Posted: 03.14.24 Status: Active

Summary

Price $1,714,286	Built/Renov 2024	Tenant Scooter's Coffee
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 664	Lease Start 01-01-2024	#Units 777
Price/SF $2,581.76	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $120,000	R. Term 15.5	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

Adam English

STREAM Capital Partners

Contact

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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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee

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Links

Scooter's Coffee Wikipedia Memphis, Tennessee Zip Code 38115 Broker Site Page

Maps

Local Information

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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