Listed by Colliers - San Diego - Carlsbad, California
$3,734,000
15-Yr. Strickland Brothers & Scooter's Coffee Ground Lease
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 2,730
Cap Rate 6.20%
NOI $231,519
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Rent Bumps Yes
Acreage 1.460
Investment Type Stabilized
Ground Lease No
Excellent Access to 59,000 VPD | 82,261 Residents in Trade Area
Marketing description
- New 15 Year Absolute NNN Lease with Strickland Brothers - Corporate lease with zero landlord responsibilities
- New 10 Year Absolute NNN Ground Lease with Scooter’s Coffee - Low occupancy cost with significant tenant investment to build location, providing long-term viability
- Brand New 2024 Construction - Latest prototype designs with drive-thru lanes
- 6.36% Implied Occupancy Cost for Scooter’s Coffee - Scooter’s average unit sales are $1,179,980
- Corporate Guarantee from Strickland Enterprises - Over 250 locations nationwide, projected to have 300+ locations open by end of 2025
- Oil Change Facilities Can Qualify for 100% Accelerated Bonus Depreciation for 2025 - Consult with CPA
Investment highlights
- Excellent Access and Visibility to 59,000 VPD Along Highway 27 - The main retail thoroughfare in Davenport and close to I-4 with 83,354 VPD
- 82,261 Residents in Primary Trade Area - Average household income of $92,475
- Minutes to Posner Village - A $500M mixed-use retail and residential development, with over 5.6M visitors annually
- Davenport’s Population Has Grown 278% Since 2010 - 2,600 new construction or planned units within trade area
- 11 Miles to Walt Disney World - 2.58M annual visitors and over 75,000 employees
- Part of Orlando MSA - The fourth largest city in Florida, ranked first in the nation for job growth for four consecutive years
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,519.00
$19,293.25/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
