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 Scooter's Coffee (Cherryville, NC)
2507 Lincolnton Hwy | Cherryville, NC 28021
Cover Photo Scooter's Cherryville, NC.jpg
Property Summary
  • Price: $1,056,000
  • CAP Rate:  6.25%
  • Leasable Area: 650 SF
  • Status: Available
  • Lease Type: Absolute Triple Net (NNN)
  • Lease Term Remaining: 15 Years 
  • Guarantee: Franchisee (Ask Broker for Details)
  • NOI: $66,000
Investment Highlights
  • Absolute Triple Net (NNN) Lease (no landlord responsibilities)

  • Average store sales (AUV’s) for Scooter’s Coffee range from $950,000
    to some locations with sales north of $1.5MM

  • The lease features an attractive increase rental structure of 1.5%

  • Scooter’s Coffee now has 600+ stores operating across 23 states and
    has commitments to open stores in a total of 30 states as of June 2023

  • Great visibility & access off NC-150 Lincolnton Hwy (11,000 VPD)

  • The City of Cherryville has seen consistent population growth as more
    families move out of Charlotte and to the neighboring suburbs

  • Subject property was built in 2023 using a modular build out well
    known for its high quality construction and manufacturing process

  • Franchisee to open five (5) new locations over the next two years in the
    North Carolina and South Carolina markets

  • Store opened in February 2023 and is on track to hit $1.2MM in sales with-
    in the first year of operations. 5.5% projected rent to sales ratio

  • Well respected franchisee within the Scooter’s system with an operational
    background in the fast food industry

  • Subject property is an outparcel to Walmart, and neighbors a growing in-
    dustrial area featuring Keystone Powdered Metal Co, Fleetnet America,
    Pepsi Beverage Distribution Center, Custom Hydraulics and Design, R-
    Anell Home Manufacturers, N.O.M’s Stone and Marble and Piedmont Lithi-
    um (to be constructed in 2024. Expected to be one of the world’s most
    sustainable lithium hydroxide operations. )

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Nick Cartus (Lead Contact)

Phone: (714) 878-6004

Mobile: (949) 419-3240


Lic. # 02025512


Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202


Lic. # 02025512

See Our

Deals  & Reports First

The Naran Group of Marcus & Millichap is a net lease investment group. Marcus & Millichap is the most dominant brokerage group in the country with more than 80+ offices and nearly 2,000 agents throughout the US and Canada. Marcus & Millichap currently closes more transactions than any other firm. 

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