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Scooter's Coffee Ground Lease Hughes Rd & Madison Blvd 650 SF Retail Building Madison, AL 35758 $990,000 ($1,523.08/SF) 6.91% Cap Rate
Investment Highlights
- New 10-Year NNN Ground Lease with 10% Rental Increases Every 5 Years
- Brand New Drive-Thru Coffee Kiosk on Large Parcel
- Average Household Income Exceeds $124,000 in 3 Miles and $139,000 in 5 Miles
- Strong Personal Guaranty, 4-Unit Operator in Alabama and Growing
- Serving Over 87,000 Residents in Growing Trade Area
- Outparcel to Brand New Aldi, In the Heart of Regional Retail Hub with High-Performing Stores and Restaurants
Property Facts Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
650 SF
Building Class
C
Year Built
2025
Price
$990,000
Price Per SF
$1,523.08
Cap Rate
6.91%
NOI
$68,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.81 AC
Zoning
C-1 - Commercial District
Parking
7 Spaces (10.77 Spaces per 1,000 SF Leased)
Frontage
177’ on Madison Boulevard
Nearby Major Retailers
1 of 5
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Scooter's Coffee Ground Lease | Hughes Rd & Madison Blvd
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