Scooter's Coffee | Brand New 15 Year Absolute NNN Lease

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.

Available