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Scooter's Coffee

5166 North Oak Trafficway, Kansas City, Missouri

4.0
BB Rating™
6.1%
Projected Cap Rate
Reg D 506(c) & Reg A Pending

Funded: 5.28%

$21,000 raised of $397,664

Property Summary

Investment summary:

BuildingBits is proud to offer this newly constructed (2018) Scooter's coffee, located in Kansas City, Missouri. This store is backed by a brand new, initial 15-year net lease, with three 5-year options to extend, and rental escalations every 5 years. 

Key features:

  • Visibility and access to 26,938 vehicles per day directly in front of the property.
  • The property benefits from convenient access to two busy freeways, Interstate 29 (93,299 AADT) and U.S. Highway 169 (59,191 AADT).
  • Located in a dense retail corridor, the property is outparcel to a Sam’s Club-anchored shopping center, which is also tenanted by Freddy’s Frozen Custard & Steakburgers and has pad sites available for future retail development.
  • Several large shopping centers are within walking distance of the property, including North Oak Village, which is anchored by Lowe’s and features well-known tenants like Petco, Discount Tire, and Panda Express. 

Transaction status:

Pre-Order
Due Diligence
Fully Funded
Pre-Closing
Closed
Fast facts:

Building info:

Projected Cap Rate:
6.1%
BB Rating™:
4.0
Property Type:
Retail
Year Built:
2018
Square Footage:
450 SF
Rentable Square Footage:
450 SF
Number of Floors:
1
Number of Units:
1
Type of Construction:
Wood Frame
Listing ID:
22

Tenant summary:

Scooter’s Coffee is a chain of drive-thru coffeehouses, founded in 1998 and headquartered in Omaha, Nebraska. Scooter’s Coffee specializes in hand-tamped espresso drinks, fruit smoothies, baked-from-scratch pastries, and its signature drink, the Caramelicious. The company also serves a line of hot and iced organic teas, single-origin coffee, and the original Cold Brew & Cream. Scooter’s Coffee is at the dawn of a strategic growth phase in the Midwest and nationwide. The U.S. coffee market is an estimated $48 billion a year recession-resistant industry, and Scooter’s Coffee is striving to become the leading drive-thru coffee franchise in the nation. 


Map:

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Funded: 5%

$21,000 raised of $397,664

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