Restaurant
Scooter's Coffee Ground Lease | Pad to New Aldi | 50K Cars/Day
8439 Madison Blvd, Madison (Huntsville MSA), AL 35758
Listing Price: $990,000
Cap Rate
6.90%
Tenant Name
Scooter's Coffee
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
650
Lease Type
Absolute Net
Rent Per Square Feet
$105.23
Investment Overview
Marcus & Millichap is pleased to present the Scooter's Coffee Ground Lease in Madison, AL.
Scooter's Coffee Ground Lease | Pad to New Aldi | 50K Cars/Day
Investment Highlights
- New 10-Year NNN Ground Lease with 10% Rental Increases Every 5 Years
- Strong Personal Guaranty, 4-Unit Operator in Alabama and Growing
- Brand New Drive-Thru Coffee Kiosk on Large Parcel
- Serving Over 87,000 Residents in Growing Trade Area
- Average Household Income Exceeds $124,000 in 3 Miles and $139,000 in 5 Miles
- Outparcel to Brand New Aldi, In the Heart of Regional Retail Hub with High-Performing Stores and Restaurants
- Across from $2.2+ Billion Mixed-Use Development with 472 Homes and 1 Million SF of Commercial, Retail, and Hotels
- Just West of 3,843-Acre Cummings Research Park with 26,000+ Employees, 2nd Largest Research Park in the U.S.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Restaurant
Scooter's Coffee Ground Lease | Pad to New Aldi | 50K Cars/Day
Listing Price: $990,000
Cap Rate
6.90%
Tenant Name
Scooter's Coffee
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
650
Lease Type
Absolute Net
Rent Per Square Feet
$105.23
Investment Highlights
- New 10-Year NNN Ground Lease with 10% Rental Increases Every 5 Years
- Strong Personal Guaranty, 4-Unit Operator in Alabama and Growing
- Brand New Drive-Thru Coffee Kiosk on Large Parcel
- Serving Over 87,000 Residents in Growing Trade Area
- Average Household Income Exceeds $124,000 in 3 Miles and $139,000 in 5 Miles
- Outparcel to Brand New Aldi, In the Heart of Regional Retail Hub with High-Performing Stores and Restaurants
- Across from $2.2+ Billion Mixed-Use Development with 472 Homes and 1 Million SF of Commercial, Retail, and Hotels
- Just West of 3,843-Acre Cummings Research Park with 26,000+ Employees, 2nd Largest Research Park in the U.S.
Investment Overview
Marcus & Millichap is pleased to present the Scooter's Coffee Ground Lease in Madison, AL.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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