3307 US Highway 19 - Freestanding FOR SALE
Holiday, FL 34691 |
$1,458,000 USD
917-567-2555
3307 US Highway 19
Holiday, FL 34691
HIGHLIGHTS
- Brand New Construction/Long Term Lease – Scooter’s Coffee has an initial lease term of 10 years commencing on 5/1/2024
- Zero Landlord Obligations – The tenant is on an absolute NNN ground lease allowing for a truly passive investment
- Options to Extend Lease – Scooter’s Coffee has three, 5-year options to extend the lease
- Strong Increases – The lease boasts 2% annual rental increases, allowing for a strong hedge against inflation
- Strong Location – The Scooter’s is located on U.S Highway 19, which is the main artery of Pasco County and sees roughly 69,000
- VPD per day making it easily accessible and visible to potential customers.
OVERVIEW
Scooters Coffee is one of the fastest growing coffee chains in America. Pair that with a corner piece of property in Holiday, FL and this deal can be yours for less than $1.5m. This new construction Scooter’s will have an initial 10-year lease with 2% annual rental increases. Located on a corner with 70,000 VPD in front of it. 10 year lease term with 2% annual rental increases
FOR SALE DETAILS
PRICE
$1,458,000 USD
PRICE/SF
$2,196 USD /SF
CAP RATE
5.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SCOOTER'S COFFEE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
C2
APN/PARCEL ID
19-26-16-0010-05200-0000
ASK ABOUT THIS PROPERTY
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917-567-2555
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917-567-2555
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