SCOOTERS COFFEE | 6.96% BLENDED CAP | 36K+ VPD | 20… — Sale in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: St. Petersburg, FL 33702

Photos

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Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the newly constructed Scooter’s Coffee located at 9299 4th Street North in St. Petersburg, Florida. The property is offered at a 6.00% cap rate and is secured by a 20-year absolute NNN lease through December 2045. With approximately 19 years of remaining term and no landlord responsibilities, the offering provides investors with passive, predictable income. The 664-square-foot drive-thru building was completed in 2024 and is situated on 4th Street seeing over 36,000 VPD. The lease includes 10% rent increases every five years, increasing annual rent from $122,000 to $162,382 during the initial term and providing built-in income growth. The lease also includes Four (5) Year renewal options with continued rent increases, supporting additional long-term income potential, and is backed by a personal guarantee. Scooter’s Coffee operates more than 930 locations across 32 states and continues to expand its national footprint. The property is positioned along the high-traffic 4th Street North corridor, near Gandy Boulevard, I-275, and the Gateway employment district. More than 159,000 residents and approximately 76,700 households are located within five miles, with average household income exceeding $96,000. The surrounding retail market maintains a low 3.8% vacancy rate (According to CoStar), reflecting strong occupancy and limited available retail space. Investment Highlights: • Long-Term Abs NNN Lease: Scooter's Coffee operates under a 20-year absolute NNN lease through December 2045, with approximately 19 years of remaining term and no landlord maintenance responsibilities. • Contractual Rent Growth: The lease includes 10% rent increases every five years, increasing annual rent from $122,000 to $162,382 during the initial term and providing predictable income growth. • Attractive Blended Return: The offering provides a 6.96% blended cap rate across the initial 20-year lease term. • Personal Lease Guaran

Market Context

This food service in St. Petersburg, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in St. Petersburg, FL — view the full market.

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