Louisville, KY - Scooter's Coffee

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Scooter’s Coffee investment property located in Louisville, Kentucky. The tenant, Scooter’s Coffee has approximately 5 years of term remaining with 4 (5-year) options to extend, demonstrating their 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Scooter’s is located near the signalized, hard corner intersection of Dixie Highway and Gagel Avenue which combine to average over 67,000 vehicles passing by daily. Dixie Highway is the major retail thoroughfare serving the city of Louisville. The asset is located less than 2 miles from Dixie Manor, a Lowe’s and Hobby Lobby anchored center that also features national/credit tenants including Crunch Fitness, Ross, McDonald’s, AT&T, Starbucks, Dollar Tree, and more. In addition, the Scooter’s is also near a Home Depot anchored center that features other national/credit tenants such as Panera Bread, QDOBA, T-Mobile, Aspen Dental, PNC Bank, and others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart, Kroger, ALDI, Texas Roadhouse, Chick-fil-A, Raising Cane’s, Taco Bell, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 193,400 residents and 75,100 employees with an average household income of $66,380.