Scooter's Coffee 8101 Indiana Ave

Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale a fully occupied, single-tenant property in Lubbock, TX. Operating as a ground lease and absolute NNN, the tenant is responsible for all property expenses and the landlord has absolutely zero responsibilities. The tenant signed a 10-year lease that has approximately 9-years remaining on the primary term plus four (4) options to extend at five (5) years each.
The subject property is ideally located with frontage along the high trafficked, Indiana Ave, where traffic counts exceed 28,500+ vehicles per day. The median household income within a 1-mile radius of the property exceeds $79,000 for 11,000+ residents.
With a long-term lease in place and an automatic rental escalation beginning in year-6 of the primary lease term, this property is the ideal investment asset for a 1031 exchange and/or investor looking for simple passive income.