Scooter's Coffee + Business & Office Building | 521 W 3rd St
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Scooter's Coffee + Business & Office Building 521 W 3rd St
2,920 SF Retail Building Elk City, OK 73644 $749,000 ($257/SF)
Investment Highlights
- PARCEL FLEXIBILITY – Potential to subdivide the lot, allowing for the sale of the office building separately while continuing operations of Scooter’s
- RENTAL UPSIDE – Maximize income by leasing the vacant office space, which can be configured as a livable unit, an Airbnb, or additional office space
- HIGH TRAFFIC AREA – The subject property is situated on a large lot and has excellent visibility along U.S Route 66, a major thoroughfare in Elk City
- SALE-LEASEBACK ADVANTAGE – Capitalize on the option to sell Scooter’s Coffee through a sale-leaseback, enabling the recoup of the initial investment
- MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 800+ locations across 30 states
- PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru business
Executive Summary
Prime Net Lease is pleased to present an exceptional investment opportunity: the fee simple interest in a newly built Scooter’s Coffee and an adjacent two-story office building, both on the same APN.
- Scooter’s Coffee was constructed in 2023, offering a turnkey business for potential owners (new franchisees must get approved by Scooter’s).
- The adjacent office building, built in 1920, currently houses five tenants on the ground floor, with a vacant upstairs unit that can be converted into a live/work space or additional offices.
This unique property delivers dual income potential, combining revenue from both the Scooter’s Coffee shop’s operations and office tenants. Key highlights include:
1. Business and Real Estate Upside: Operate the Scooter's Coffee (reach out to agent for store financials) business while collecting rent from office tenants.
2. Parcel Flexibility: Opportunity to subdivide and sell the office building separately (buyer to verify).
3. Sale-Leaseback Potential: Option to sell the Scooter’s Coffee in a sale-leaseback transaction, recouping initial investment while retaining operational control and cash flow.
4. Upstairs Flexibility: The vacant upstairs unit in the office building includes three bedrooms, living space, and a potential kitchen area. This space can be:
- Rented as an Airbnb (Buyer to verify)
- Used as an owner’s residence (Buyer to verify)
- Converted into additional office space for further rental income
The Property also has excellent visibility and is conveniently situated on a large corner lot along W 3rd Street (also known as U.S Route 66). US Route 66 is a main corridor in the area and sees heavy vehicle traffic on a daily basis. Nationally recognized tenants such as AT&T, Sonic Drive-In, NAPA Auto Parts, Domino’s Pizza, Taco Bell, Pizza Hut and Subway also surround the property, further driving consumers to the area.
This property offers unparalleled flexibility and a diverse set of revenue streams, making it an attractive investment for both real estate and business investors.
Scooter’s Coffee, headquartered in Omaha, NE has close to 800 locations across 30 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.
- Scooter’s Coffee was constructed in 2023, offering a turnkey business for potential owners (new franchisees must get approved by Scooter’s).
- The adjacent office building, built in 1920, currently houses five tenants on the ground floor, with a vacant upstairs unit that can be converted into a live/work space or additional offices.
This unique property delivers dual income potential, combining revenue from both the Scooter’s Coffee shop’s operations and office tenants. Key highlights include:
1. Business and Real Estate Upside: Operate the Scooter's Coffee (reach out to agent for store financials) business while collecting rent from office tenants.
2. Parcel Flexibility: Opportunity to subdivide and sell the office building separately (buyer to verify).
3. Sale-Leaseback Potential: Option to sell the Scooter’s Coffee in a sale-leaseback transaction, recouping initial investment while retaining operational control and cash flow.
4. Upstairs Flexibility: The vacant upstairs unit in the office building includes three bedrooms, living space, and a potential kitchen area. This space can be:
- Rented as an Airbnb (Buyer to verify)
- Used as an owner’s residence (Buyer to verify)
- Converted into additional office space for further rental income
The Property also has excellent visibility and is conveniently situated on a large corner lot along W 3rd Street (also known as U.S Route 66). US Route 66 is a main corridor in the area and sees heavy vehicle traffic on a daily basis. Nationally recognized tenants such as AT&T, Sonic Drive-In, NAPA Auto Parts, Domino’s Pizza, Taco Bell, Pizza Hut and Subway also surround the property, further driving consumers to the area.
This property offers unparalleled flexibility and a diverse set of revenue streams, making it an attractive investment for both real estate and business investors.
Scooter’s Coffee, headquartered in Omaha, NE has close to 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
Owner User
Property Type
Retail
Property Subtype
Building Size
2,920 SF
Year Built/Renovated
1920/2023
Price
$749,000
Price Per SF
$257
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.40 AC
Parking
25 Spaces (8.56 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0170-00-012-007-0-000-00 | Improvements Assessment | $21,992 (2023) |
| Land Assessment | $6,144 (2023) | Total Assessment | $28,136 (2023) |
PROPERTY TAXES
Parcel Number
0170-00-012-007-0-000-00
Land Assessment
$6,144 (2023)
Improvements Assessment
$21,992 (2023)
Total Assessment
$28,136 (2023)
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Scooter's Coffee + Business & Office Building | 521 W 3rd St
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