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Scooter's Coffee 400 S Memorial Dr 700 SF Retail Building Prattville, AL 36067 $1,725,000 ($2,464.29/SF) 6.50% Cap Rate
Investment Highlights
- 15-Year Sale Leaseback | Options To Extend | Scheduled Rental Increases
- S Memorial Dr (21,200 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant will sign a brand new 15-year lease at close of escrow with 4 (5-year) options to extend, demonstrating commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Local franchisee operator with a personally guaranteed lease from the two operators
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Local franchisee operator with a personally guaranteed lease from the two operators
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
700 SF
Building Class
B
Year Built
2024
Price
$1,725,000
Price Per SF
$2,464.29
Cap Rate
6.50%
NOI
$112,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.48 AC
Amenities
- Restaurant
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-02-10-3-024-001-000-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $51,480 |
Property Taxes
Parcel Number
19-02-10-3-024-001-000-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$51,480
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Scooter's Coffee | 400 S Memorial Dr
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