This brand new construction Scooter’s Coffee asset opened in October 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 strategically placed only 1 mile off Hwy 70 with 13,269 VPD. The newly constructed site sits on 0.63 acre lot with excellent visibility and frontage on Airline Rd with 15,147 VPD. The site is nearby numerous national and local retailers such as Wendy’s, Sonic Drive-In, McDonald’s, Waffle House, Domino’s Pizza, and more. The subject property is less than 1.5 miles of Providence Place, a 45-acre mixed-use development that is currently under construction. The site is within 1.5 miles from brand new 23k SF retail development, The Falls Shopping Center, anchored by Kroger Marketplace.
Affluent demographics with average HHI of $128,100+ in 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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