7971 US Hwy 51 | Millington, TN 38053
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7971 US Hwy 51
Millington, TN 38053
Scooter's Coffee (Millington, TN) · Retail Property For Sale
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
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
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
664 SF
Building Class
A
Year Built
2023
Price
$2,196,912 CAD
Price Per SF
$3,308.60 CAD
Cap Rate
6.74%
NOI
$148,075 CAD
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’ on Tennessee 3
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | M0-115I-H0-0056 | Improvements Assessment | $165,278 CAD |
| Land Assessment | $138,611 CAD | Total Assessment | $303,889 CAD |
PROPERTY TAXES
Parcel Number
M0-115I-H0-0056
Land Assessment
$138,611 CAD
Improvements Assessment
$165,278 CAD
Total Assessment
$303,889 CAD
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