402 Broadway st - Retail FOR SALE


Elsa, TX 78543
$1,111,111 USD
408-510-9057
402 Broadway st, Elsa, TX for Sale
$1,111,111 USD
Retail - FOR SALE
1/3
null | 6.75% Cap Rate

402 Broadway st
Elsa, TX 78543


HIGHLIGHTS

  • Brand-New 20-Year Absolute NNN Ground Lease | Zero Landlord Responsibilities
  • Four (4) 5-Year Renewal Options | Up to 40 Years of Potential Term
  • 10% Rent Increases Every 5 Years | Predictable Income Growth and Inflation Hedge
  • New 2023 Construction | ±664 SF Scooter’s Coffee Prototype With Drive-Thru Efficiency
  • Rapidly Growing Brand | 750+ Locations Nationwide | Expansion to 1,000+ Stores Planned
  • Prime Elsa Location Along N. Broadway Street (FM 88) | ±12,000 Vehicles Per Day

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Scooter’s Coffee located at 402 N. Broadway Street in Elsa, Texas. The ±664-square-foot freestanding drive-thru was constructed in 2023 on ±0.28 acres and features a modern prototype design engineered for high service volumes and operational efficiency. The property is backed by a brand-new 20-year absolute NNN ground lease commencing at the close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. The lease includes 10% rental increases every five years, providing predictable income growth and long-term stability. Scooter’s Coffee is one of the fastest-growing QSR coffee concepts in the United States, with more than 750 locations nationwide and aggressive expansion plans to surpass 1,000 stores. Known for its drive-thru convenience, specialty coffee, and strong consumer loyalty, the brand has quickly become a leader in the fast-casual coffee segment. The site is strategically positioned along N. Broadway Street (FM 88), Elsa’s primary retail corridor, with traffic counts exceeding 12,000 vehicles per day. The property benefits from strong co-tenancy and proximity to national retailers including Walmart Supercenter, H-E-B, Dollar Tree, and AutoZone. The surrounding 5-mile trade area includes more than 220,000 residents with average household income above $66,000. Located within the rapidly expanding McAllen–Edinburg–Mission MSA (population ±917,000), the site enjoys strong regional demographics and sustained demand.

FOR SALE DETAILS

PRICE

$1,111,111 USD

PRICE/SF

$1,673 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee | 20yr Sale-Leaseback

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,065 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.