This brand new construction Scooter’s Coffee asset opened in February 2024. The investment offers a 15 Year Absolute NNN Lease with two 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is in a dominate infill location just off State Route 385. The newly constructed site sits on 0.845 acre lot with excellent visibility, access, and frontage with dual ingress/egress. The site is ideally situated at a hard corner on Riverdale Rd and Malco Crossing with immediate access to State Route 385 with 126,300+ VPD. This Scooter’s Coffee location is positioned between several shopping centers such as Memphis Plaza, Winchester Court, Cross Creek, Centennial Commons, and more. The site is in close proximity to several national retailers such as IHOP, Walgreens, Goodwill, American Freight, Jiffy Lube, Planet Fitness, and more. There are several hotels with over 970 rooms combined in a 3 mile radius.
Affluent demographics with a population of 94,300+ and average HHI of $79,000+ in a 3 mile radius. Scooter’s Coffee is a fast growing U.S. franchise brand with over 800 locations and is ranked #2 on Entrepreneur’s Franchise 500 list in 2024.
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