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Scooter's Coffee (Millington, TN) 7971 US Hwy 51

664 SF Retail Building Millington, TN 38053 $1,530,000 ($2,304/SF) 6.74% Cap Rate

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Investment Highlights

Rare 10-Year Corporate Guaranteed Absolute NNN Lease
Four 5-Year Options with Fixed 10% Increases Every 5 Years
Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024

Brand New Construction, Tenant Opened September 2023
Ideally Located off Hwy 51, a Major Retail Thoroughfare
A Fast Growing U.S. Franchise Brand with Over 800 Locations

Executive Summary

This brand new construction Scooter’s Coffee asset opened in September 2023. The investment offers a rare 10 Year Corporate Guaranteed Absolute NNN Lease with four 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is ideally located in a prime retail trade area off of Hwy 51, a major retail thoroughfare. The newly constructed site sits on 0.714 acre lot with excellent visibility, access, and frontage. The subject property is within 1 mile from Huntington Estates, a single family home community that is currently under construction and is less than 2 miles from Forked River Commons, a $58MM shopping center that opened in 2024 with several national retail brands. The site is less than 0.5 miles from Kroger anchored shopping center and is nearby several hotels with over 350+ rooms combined in a 2.5 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/999327029/c27b4a3f0a?share=copy

OM_Scooter's Coffee (Millington, TN)

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

664 SF

Building Class

Year Built

2023

Price

$1,530,000

Price Per SF

$2,304

Cap Rate

6.74%

NOI

$103,124

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Lot Size

0.71 AC

Opportunity Zone

Yes

Zoning

CS - Commercial Services Zoning

Frontage

138 FT on Tennessee 3

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.