Overview

Description

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a brand new, drive-thru, net-leased Scooter’s Coffee property in Madisonville, Texas. The subject property, just built in 2023, is adjacent to Madisonville High School, Madisonville Jr. High, Madisonville Elementary School, and the St. Joseph Health Hospital. This quick-service coffee drive-thru will be commencing a fresh 15+ year lease with 10% rental increases occurring every 5 years of the lease term, at the close of escrow. This property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for a QSR property in Texas with a strong brand identity.
Scooter’s Coffee will soon be “on every corner in America” as their CEO says it best. Founded in Omaha NE in 1998 by the Eckles family, the brand has exploded from its humble beginnings as “Scooter’s Java Express”. Scooter’s Coffee ranked on the ‘Inc. 5000’ list in 2023 as the company’s revenue has grown 267% in 6 years, and now has over 750 locations nationwide. Scooter’s Coffee also has six distribution centers nationwide: Kansas City MO, Dallas TX, Atlanta GA, Indianapolis IN, and two in Omaha NE. In 2023 alone, the coffee industry projected to finish with over $95 Billion in sales revenue. Scooter’s is looking to capitalize on the growing coffee sector, and plans for over 1,000 locations by the end of 2024. The brand ranked #13 on Yelp’s 2023 list of 50 Most Loved Brands in the U.S., and also ranked #3 on Franchise Times ‘Fast & Serious 40 Smartest-Growing Franchises’ in 2023.


The subject property is located on the main thoroughfare (May Street) in Madisonville TX. This brand new Scooter’s Coffee location benefits from the residential traffic the three schools (1,700+ students) and nearby hospital facility generate daily. The drive-thru building prototype is ideal for students, parents, and employees needing beverages any time of day. This is the only National Coffee quick-service restaurant in Madisonville TX, which creates great brand loyalty and a competitive advantage. Madisonville TX is a frequent stop for those traveling between Houston TX and Dallas TX, which makes this a unique opportunity to acquire a NNN investment property in Texas.

Highlights

• Brand New Construction, Drive-Thru Scooter’s Coffee Property in Texas
• Absolute NNN Lease: Ultimate Ease of Management for Investor
• Strategically Located On May Street, Adjacent To Madisonville High School and St. Joseph Health Hospital
• 2.0 Miles from Interstate 45 Freeway (35,000+ VPD), Which Connects Dallas MSA and Houston MSA
• No National Coffee QSR Competition in City Of Madisonville, TX
• Madisonville has The 3rd Most Frequently Visited Buc-ee’s Store in the State of Texas (4.4m Visitors)
• Fee Simple, Long Term NNN ‘Sale-Leaseback’ With Rental Increases Every 5 Years
• Scooter’s Coffee: “Amazing People, Amazing Drinks…Amazingly Fast!” | USA Today ‘10best’ #2 Ranked Coffee Chain (2023)

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