Listed by Trinity Real Estate Investment Services
$662,070
Scooter's Coffee
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 630
Cap Rate 7.25%
NOI $48,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dunkin', Scooter's Coffee
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 01/01/2033
Remaining Term 6.4
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $1,051
Class A
Year Built 2022
Buildings 1
Acreage 0.300
Investment Type Net Lease
Lease Commencement 12/01/2022
Ground Lease No
Ownership Fee Simple
Retail | 7.25% CAP | 630 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Scooter's Coffee in Lubbock, TX. The subject property is a 2022 development with 6+ years remaining on primary term. It is located just 6 miles from Downtown Lubbock and minutes from Texas Tech University.
Property Website: https://trinityreis.com/listing/8101-indiana-ave/
Investment highlights
- 2022 Development Scooter's Coffee in Lubbock, TX With 6+ Years Remaining on Primary Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- 10% Rent Increases Every 5 Years
- Near Highly Trafficked Intersection Having a Combined VPD of 66,000
- Densely Populated 5-Mile Trade Area With 202,000+ Residents, Surrounded by Established Neighborhoods and Multifamily Developments
- Affluent 1-Mile Community With $120K+ Avg. Household Income
- Just 6 Miles From Downtown Lubbock and Minutes From Texas Tech University (42,000+ Enrolled Students)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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
$48,000.00
$4,000.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
