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Scooter's Coffee (Olive Branch, MS) 6574 Cockrum Rd/Hwy 305

616 SF Retail Building Olive Branch, MS 38654 £1,240,966 (£2,015/SF) 7.25% Net Initial Yield

Investment Highlights

  • New 15 Year Absolute NNN Lease with Personal Guaranty
  • Located Nearby a Primary Retail Corridor
  • Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024
  • Brand New Construction, Tenant Opened February 2024
  • Two 5-Year Options with Fixed 10% Increases Every 5 Years
  • A Fast Growing U.S. Franchise Brand with Over 800 Locations

Executive Summary

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 strategically placed within 1 mile of Hwy 78 with 33,000 VPD. The newly constructed site sits on 0.47 acre lot with excellent visibility, access, and frontage. This Scooter’s Coffee is located in a dense residential area with close proximity to The Cascades, a proposed 84-acre mixed-use development which will include retail, office, multi-family, single family, and townhomes. The subject property is less than 2 miles from Bridges of Camp Creek, a new mixed-use development project, currently under phase 2 construction. There are several hotels with nearly 830 rooms combined in a 2 mile radius. The site is 2 miles from Kroger anchored shopping center with several national retailers such as Petco, AutoZone Auto Parts, GNC, Panera Bread, and more.
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/998963063?share=copy

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
616 SF
Building Class
B
Year Built
2024
Price
£1,240,966
Price Per SF
£2,015
Net Initial Yield
7.25%
NOI
£89,979
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
0.47 AC
Frontage
142 ft on College St

Amenities

  • Signage
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Scooter's Coffee
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Scooter's Coffee Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Piggly Wiggly
WW
Scooter's Coffeehouse
Renasant Bank
Regions Bank
Cadence Bank
Ymca
Bankplus
Starbucks
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1068340020010700
Land Assessment
£8,180
Improvements Assessment
£10,702
Total Assessment
£18,882
  • Listing ID: 33194284

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 6574 Cockrum Rd/Hwy 305, Olive Branch, MS 38654

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