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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31085768
31085769

366 Sam Ridley Pkwy W, Smyrna, TN 37167

EV
01913407
Anchor Point Capital
Anchor Point Capital
JS
CA 02229082
Anchor Point Capital
Listed by Anchor Point Capital
$1,196,581
82 days on market
Updated 82 days ago

Scooter's Coffee | Nashville MSA, TN

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 655
Net Rentable (SqFt) 655
Units 1
Cap Rate 5.85%
NOI $70,000
Occupancy 100%
Tenancy Single
Brand/Tenant Scooter's Coffee
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 03/31/2032
Remaining Term 5.8
Rent Bumps Yes
Lease Options 4 - 5 Yrs
Price per SqFt $1,827
Year Built 2023
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.500
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/11/2022
Ground Lease Yes

High Traffic Corridor; 32,800 Cars Per Day along Sam Ridley Pkwy

Marketing description

For More Information, Contact

Chandler Dignam [email protected]

Jacob Sparks [email protected]

Investment Opportunity | Scooters Coffee

  • 6+ Years Remaining on Primary Term

  • Upcoming 10% Rent Increase in March 2027

  • Absolute NNN Ground Lease; Zero Landlord Responsibilities

  • Personal Guarantee From Franchisee on Lease (Contact Broker for Details)

  • Brand New 2023 Construction

  • Income Tax Free State of Tennessee

Outstanding Location in Smyrna, TN

  • High Traffic Corridor; Over 32,800 Vehicles per Day along Sam Ridley Parkway

  • Affluent Area with Average Household Income Exceeding $89,150 within 5 Miles

  • Dense Infill Location; Over 113,000 Population within 5 Miles

  • 3 Mile Population has Grown at 14.57% since 2020 and is Projected to Continue to Grow at 8.76% through 2029

  • Nearby National Retailers Include: Lowes, Home Depot, Chick-Fil-A, Raising Cane’s, Publix, Kroger, Starbucks, Walgreens, Dunkin, Taco Bell, Bank of America, Hobby Lobby

Listing Contacts

EV
01913407
Anchor Point Capital
Anchor Point Capital
JS
CA 02229082
Anchor Point Capital
Listed by Anchor Point Capital

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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