7971 US Hwy 51 - Fast Food FOR SALE


Millington, TN 38053
$1,530,000 USD
858-822-9811
7971 US Hwy 51, Millington, TN for Sale
$1,530,000 USD
Fast Food - FOR SALE
1/11
null | 6.74% Cap Rate

7971 US Hwy 51
Millington, TN 38053


HIGHLIGHTS

  • Rare 10-Year Corporate Guaranteed Absolute NNN Lease
  • Brand New Construction, Tenant Opened September 2023
  • Four 5-Year Options with Fixed 10% Increases Every 5 Years
  • Ideally Located off Hwy 51, a Major Retail Thoroughfare
  • Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024
  • A Fast Growing U.S. Franchise Brand with Over 800 Locations

OVERVIEW

This brand new construction Scooter’s Coffee asset opened in September 2023. The investment offers a rare 10 Year Corporate Guaranteed Absolute NNN Lease with four 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is ideally located in a prime retail trade area off of Hwy 51, a major retail thoroughfare. The newly constructed site sits on 0.714 acre lot with excellent visibility, access, and frontage. The subject property is within 1 mile from Huntington Estates, a single family home community that is currently under construction and is less than 2 miles from Forked River Commons, a $58MM shopping center that opened in 2024 with several national retail brands. The site is less than 0.5 miles from Kroger anchored shopping center and is nearby several hotels with over 350+ rooms combined in a 2.5 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. Watch Property Video: https://vimeo.com/999327029/c27b4a3f0a?share=copy

FOR SALE DETAILS

PRICE

$1,530,000 USD

PRICE/SF

$2,304 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee (Millington, TN)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CS

APN/PARCEL ID

M0-115I-H0-0056

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.