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 Ardmore, Oklahoma. The subject property
fronts a brand new Albertsons grocery store, and is adjacent to a Burlington/Academy sporting goods
anchored shopping center. 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 investor
looking for a well-located NNN property with strong real estate fundamentals.
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 within the main retail artery of Ardmore OK, 12th Avenue or ‘Market Street’. This brand new Scooter’s Coffee location benefits from major national retailer customer synergy. Neighboring retailers driving customer traffic include Lowe’s, Walmart Supercenter, Hobby Lobby, Ross, Petco, Old Navy, AMC Theatres, and more. This Scooter’s Coffee property has a competitive advantage, as it is the only national coffee QSR location directly and with frontage on 12th Avenue. Ardmore OK is directly in the middle of Dallas TX and Oklahoma City OK, which makes it an easy stop for those traveling north and south on Interstate 35 (36,400+ VPD).

Highlights

• Outparcel To Brand New Albertsons Grocery Store, First In Oklahoma and Major Trade Area Draw | Albertsons Delivery Expected 4Q 2024
• Strategically Located In the Retail Artery of the City, ‘Market Street’ 12th Avenue (15,100+ VPD)
• Nearby Retailers Include: Lowe’s, Walmart Supercenter, Hobby Lobby, Ross, Academy Sports, Old Navy, TJ Maxx, ULTA Beauty, Big Lots, Five Below, AMC Theatres And More
• Nearby Quick-Serve Restaurants Include: Chick-Fil-A, Panda Express, Whataburger, Taco Bell, McDonalds, Dairy Queen, Arby’s, Golden Chick and More
• Starbucks Location 0.5 Miles Away Ranks As #4 Most Visited In the State Of Oklahoma, Per Placer.ai
• Freestanding Drive-Thru Scooter’s Coffee Investment Property
• Absolute NNN Lease: Ultimate Ease of Management for Investor
• Fee Simple, Long Term NNN ‘Sale-Leaseback’ with 10% Rental Increases Every 5 Years

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