SCOOTER'S COFFEE | 3307 US Highway 19
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SCOOTER'S COFFEE 3307 US Highway 19
664 SF Retail Building Holiday, FL 34691 $1,458,000 ($2,196/SF) 5.60% Cap Rate
Investment Highlights
- Brand New Construction/Long Term Lease – Scooter’s Coffee has an initial lease term of 10 years commencing on 5/1/2024
- Options to Extend Lease – Scooter’s Coffee has three, 5-year options to extend the lease
- Strong Location – The Scooter’s is located on U.S Highway 19, which is the main artery of Pasco County and sees roughly 69,000
- Zero Landlord Obligations – The tenant is on an absolute NNN ground lease allowing for a truly passive investment
- Strong Increases – The lease boasts 2% annual rental increases, allowing for a strong hedge against inflation
- VPD per day making it easily accessible and visible to potential customers.
Executive Summary
Scooters Coffee is one of the fastest growing coffee chains in America. Pair that with a corner piece of property in Holiday, FL and this deal can be yours for less than $1.5m. This new construction Scooter’s will have an initial 10-year lease with 2% annual rental increases. Located on a corner with 70,000 VPD in front of it. 10 year lease term with 2% annual rental increases
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
664 SF
Building Class
C
Year Built
2024
Price
$1,458,000
Price Per SF
$2,196
Cap Rate
5.60%
NOI
$81,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial
Parking
18 Spaces (27.11 Spaces per 1,000 SF Leased)
Frontage
54 FT on Us-19 Hwy
Amenities
- Pylon Sign
- Drive Thru
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 19-26-16-0010-05200-0000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $548,670 |
PROPERTY TAXES
Parcel Number
19-26-16-0010-05200-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$548,670
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SCOOTER'S COFFEE | 3307 US Highway 19
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