Property Highlights
- Unique opportunity to acquire a new free-standing Scooter’s Coffee with drive-thru in the highly sought-after Central Florida region
- Scooter’s Coffee currently operates over 400 stores in 24 states and has plans to reach 1,000 stores by 2025
- Long term Absolute Net ground lease provides completely passive ownership and stable cash flow
- Rare 2.5% annual rent increases provide excellent hedge against inflation
- Latest prototype with drive-thru on 0.60 Acre parcel
- Strategic location along SR 19 with 22,000 cars per day and limited coffee competition in the market
- E-commerce and recession resistant business model; the fast-food industry has experienced same store sales growth and an increase in drive-thru traffic since the pandemic
- Florida has no state income tax and saw a net migration of 345,000 residents between April 2020 and April 2021