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Scooter's Coffee 3730 Riverdale Rd

664 SF Retail Building Memphis, TN 38115 $1,655,000 ($2,492/SF) 7.25% Cap Rate

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Investment Highlights

New 15 Year Absolute NNN Lease with Personal Guaranty
Excellent Visibility, Access, and Frontage in a Strong Retail Corridor
Two 5-Year Options with Fixed 10% Increases Every 5 Years

Brand New Construction, Tenant Opened February 2024
Dominate Infill Location just off State Route 385
Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024

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 in a dominate infill location just off State Route 385. The newly constructed site sits on 0.845 acre lot with excellent visibility, access, and frontage with dual ingress/egress. The site is ideally situated at a hard corner on Riverdale Rd and Malco Crossing with immediate access to State Route 385 with 126,300+ VPD. This Scooter’s Coffee location is positioned between several shopping centers such as Memphis Plaza, Winchester Court, Cross Creek, Centennial Commons, and more. The site is in close proximity to several national retailers such as IHOP, Walgreens, Goodwill, American Freight, Jiffy Lube, Planet Fitness, and more. There are several hotels with over 970 rooms combined in a 3 mile radius.
Affluent demographics with a population of 94,300+ and average HHI of $79,000+ in a 3 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/997654594/26c448ee88?share=copy

OM_ Scooter's Coffee_Riverdale Rd (Memphis, TN)

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

664 SF

Building Class

Year Built

2024

Price

$1,655,000

Price Per SF

$2,492

Cap Rate

7.25%

NOI

$120,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Land Acres

0.84 AC

Parking

9 Spaces (13.55 Spaces per 1,000 SF Leased)

Amenities

Drive Thru

Accommodation and Food Services
99,999 SF
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In 1998, the very first Scooter’s Coffee location opened in Bellevue, Nebraska. Founders Don and Linda’s formula was simple: provide customers with high-quality drinks, speedy service, and a BIG smile! Customers loved it, and in no time at all, Scooter’s Coffee kiosk franchises were opening across the Omaha area. They began opening small coffee shop franchises in 2001, and since then, they've grown to include hundreds of locations across the United States. They've been around long enough to know a few things, but their story is only beginning. The sustained success of their coffee kiosk franchises is about more than quality products; it’s because of their commitment to doing right by our customers and each other, every day.