Investment Highlights
Outparcel To Brand New Albertsons Grocery Store, First In Oklahoma and Major Trade Area Draw
Absolute NNN Lease: Ultimate Ease of Management for Investor
15-Yr Lease with Options
Freestanding Drive-Thru Scooter?s Coffee Investment Property
Fee Simple Acquisition Opportunity
10% Rental Increases Every 5 Years
Executive Summary
Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a brand new, drive-thru, net-leased Scooter?s Coffee property in Ardmore, Oklahoma. The subject property fronts a brand new Albertsons grocery store, and is adjacent to a Burlington/Academy sporting goods anchored shopping center. This quick-service coffee drive-thru will be commencing a fresh 15+ year lease with 10% rental increases occurring every 5 years of the lease term, at the close of escrow. This property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive investor looking for a well-located NNN property with strong real estate fundamentals.The subject property is located within the main retail artery of Ardmore OK, 12th Avenue or ?Market Street?. This brand new Scooter?s Coffee location benefits from major national retailer customer synergy. Neighboring retailers driving customer traffic include Lowe?s, Walmart Supercenter, Hobby Lobby, Ross, Petco, Old Navy, AMC Theatres, and more. This Scooter?s Coffee property has a competitive advantage, as it is the only national coffee QSR location directly and with frontage on 12th Avenue. Ardmore OK is directly in the middle of Dallas TX and Oklahoma City OK, which makes it an easy stop for those traveling north and south on Interstate 35 (36,400+ VPD).
