10 Goodrich Blvd
Miami, OK 74354
7% CAP | 15-Year Lease | 1.75% Rental Incrs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
- RENTAL INCREASES – There are 1.75% rental increases annually, providing an investor a hedge against inflation.
- HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along Route 66 with high traffic counts.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- PERSONAL GUARANTEE – The lease is personally guaranteed by the Franchisee, a strong and profitable operator (ask agent for details).
- PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru.
EXECUTIVE SUMMARY
Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a recently built Scooter’s Coffee. The subject property was originally built in 2023. Due to its excellent location, the franchisee of Scooter’s Coffee decided to build the structure and offer the long term 15-year sale-leaseback.
The brand new 15-year lease will begin at the COE. This absolute NNN lease has 1.75% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 1.75% annual rental increases.
The Property has excellent visibility and is conveniently situated on a large corner lot along Route 66. Route 66 (also known as the “Mother Road”) is a main corridor in the area and sees heavy vehicle traffic on a daily basis. Nationally recognized tenants such as Arby’s, McDonald’s, Pizza Hut, Walgreens, Dollar Tree and AutoZone also surround the property, further driving consumers to the area. This specific location offers a brand new 15-year lease, excellent corner lot visibility, and zero landlord responsibility.
Scooter’s Coffee, headquartered in Omaha, NE has upwards of 800 locations across 30 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.
The brand new 15-year lease will begin at the COE. This absolute NNN lease has 1.75% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 1.75% annual rental increases.
The Property has excellent visibility and is conveniently situated on a large corner lot along Route 66. Route 66 (also known as the “Mother Road”) is a main corridor in the area and sees heavy vehicle traffic on a daily basis. Nationally recognized tenants such as Arby’s, McDonald’s, Pizza Hut, Walgreens, Dollar Tree and AutoZone also surround the property, further driving consumers to the area. This specific location offers a brand new 15-year lease, excellent corner lot visibility, and zero landlord responsibility.
Scooter’s Coffee, headquartered in Omaha, NE has upwards of 800 locations across 30 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
630 SF
Building Class
B
Year Built
2023
Price
£882,999
Price Per SF
£1,401.59
Net Initial Yield
7%
NOI
£61,810
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
0.50 AC
Parking
14 Spaces (22.22 Spaces per 1,000 SF Leased)
Frontage
309 ft on North Main Street
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 3920-00-001-003-0-000-00 | Improvements Assessment | £11,010 |
| Land Assessment | £6,015 | Total Assessment | £17,025 |
