Scooter's Coffee (Olive Branch, MS) | 6574 Cockrum Rd/Hwy 305
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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
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
PROPERTY TAXES
Parcel Number | 1068340020010700 | Improvements Assessment | £10,702 |
Land Assessment | £8,180 | Total Assessment | £18,882 |
PROPERTY TAXES
Parcel Number
1068340020010700
Land Assessment
£8,180
Improvements Assessment
£10,702
Total Assessment
£18,882
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Scooter's Coffee (Olive Branch, MS) | 6574 Cockrum Rd/Hwy 305
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