Investment Highlights
Brand New 15 Yr. True NNN Lease (Scooter?s Coffee) - Multi-Unit Operator
Coffee is the 2nd Most Traded Commodity in the World - Strong National Brand - 740+ Locations
2023 Prototype Building - Schedule to Open January 2024 - One of the Fastest Growing Brands in U.S.
High Profile Hard Corner Location in Dense Residential Area - Next to Home Depot/Planet Fitness
Named ?One of 23 Best Places to Go in 2023?- Huge Tourism (11M+) - Strong Demo?s ($95,736 HHI)
Bite Size NNN Deal (National Brand) - Tax Free State in Path of Huge Population Growth o Zero LL Duties
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to present to qualified investors an opportunity to purchase a brand new single tenant NNN asset in Memphis, TN leased to Scooter?s Coffee ? one of the fastest growing drive-thru coffee franchises in the US with over 650 locations. In 2023, Scooter?s Coffee was ranked No. 59 on Entrepreneur?s Franchise 500 list and is striving to become the No. 1 drive-thru coffee franchise in the nation. The brand-new long-term absolute triple-net lease features a 15-year primary term, two 5-year option periods, 10% rental increases every 5 years, and a personal guarantee?ideal for a 1031 exchange asset or a coupon clipper seeking years of inflation resistant income.The 669 SF drive-thru kiosk on 0.3-acre parcel is strategically located on the hard corner signalized intersections of Poplar Ave, N Belvedere Blvd, and N Evergreen St, which has a combined traffic count exceeding 33,900 VPD, and has excellent ingress and egress. Nearby retailers include The Home Depot, Walgreens, Kroger, Family Dollar, Chick-fil-A, McDonald?s, Popeye?s, Taco Bell, Wendy?s, and more.This is an excellent opportunity to purchase an absolute NNN leased drive-thru asset in Tennessee?s second largest city with a long-term lease, 10 years in options, rent increases, no landlord responsibilities, and a personal guarantee providing investors with years of inflation resistant cash flows.
