Investment opportunity to acquire the leased-fee interest in a single-tenant Scooter’s Coffee ground lease located at 1526 N. Mt. Juliet Road in Mt. Juliet, Tennessee. The property consists of approximately 1.28 acres improved with a 722 SF drive-thru Scooter’s Coffee building.
The property is subject to a 10-year NNN ground lease with approximately 6 years and 10 months remaining on the initial lease term. The lease provides for 10% rental increases every 5 years and includes four 5-year renewal options, providing the potential for long-term tenancy and contractual rental growth. The ground lease is additionally supported by a Tenant Personal Guarantee.
The NNN ground lease structure provides for minimal landlord responsibilities and offers investors the opportunity to acquire a passive, single-tenant net lease investment. The combination of contractual rental increases, multiple renewal options, and remaining lease term provides an attractive long-term income structure.
The property is strategically positioned along the N. Mt. Juliet Road commercial corridor within the Nashville MSA. The location benefits from surrounding retail, commercial development, and established traffic generators. Nearby retailers and destinations include Sprouts Farmers Market, Whitt’s BBQ, Sweet CeCe’s, and Back Nine Golf.
The offering represents an opportunity to acquire the leased-fee interest in the underlying real estate subject to an existing NNN ground lease with Scooter’s Coffee. Additional property, lease, financial, and investment information is available through the Offering Memorandum.
Prospective purchasers should contact PCRE to obtain and execute a Confidentiality Agreement (NDA). Upon receipt of an executed NDA, qualified prospective purchasers will be provided access to the Offering Memorandum and additional due diligence materials.
All information is believed to be accurate but is not guaranteed. Prospective purchasers should independently verify all lease terms, guaranty provisions, financial information, property information, and other investment considerations as part of their due diligence.