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Scooter's Coffee 3471 FM2499 664 SF 100% Leased Retail Building Corinth, TX 76210 $1,550,000 ($2,334.34/SF) 6.13% Cap Rate
Investment Highlights
- Absolute NNN lease structure - zero Landlord maintenance or expense responsibilities
- Significant capital investment by tenant
- Corinth 2499 Corners: a new retail development that features 7-Eleven and Scooter’s, with preliminary plans for a multi-tenant retail building
- 10% rent increases every 5 years in base term and option periods
- Build-to-Suit Scooter’s prototype with a drive-thru lane
Executive Summary
Situated in Corinth, a high-growth northern submarket of Dallas-Fort Worth, this newly constructed Scooter’s Coffee is surrounded by nearly 2,000 households within 3-miles boasting an average HHI of $152,504. Scooter’s benefits as the only drive-thru coffee location within 1-mile and its convenient location minutes from John H. Guyer High School (±2,500 students). Scooter’s is visible to ±35,000 VPD at the adjacent intersection.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
664 SF
Year Built
2024
Price
$1,550,000
Price Per SF
$2,334.34
Cap Rate
6.13%
NOI
$95,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.02
Lot Size
0.72 AC
Parking
7 Spaces (10.54 Spaces per 1,000 SF Leased)
Nearby Major Retailers
1 of 5
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Scooter's Coffee | 3471 FM2499
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