Log In/Sign Up
Your email has been sent.
Scooter's Coffee 400 S Memorial Dr 700 SF Retail Building Prattville, AL 36067 $2,386,348 CAD ($3,409.07 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Sale Leaseback | Options To Extend | Scheduled Rental Increases
- S Memorial Dr (21,200 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant will sign a brand new 15-year lease at close of escrow with 4 (5-year) options to extend, demonstrating commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Local franchisee operator with a personally guaranteed lease from the two operators
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Local franchisee operator with a personally guaranteed lease from the two operators
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
700 SF
Building Class
B
Year Built
2024
Price
$2,386,348 CAD
Price Per SF
$3,409.07 CAD
Cap Rate
6.50%
NOI
$155,113 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.48 AC
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-02-10-3-024-001-000-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $72,592 CAD |
PROPERTY TAXES
Parcel Number
19-02-10-3-024-001-000-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$72,592 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Scooter's Coffee | 400 S Memorial Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.