Scooter’s Coffee | Brand New | 20 Yr Absolute NNN

GROWING COMPANY WITH OVER 750+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS

• Scooter’s Coffee now has 750+ stores operating across the US and has commitments to open stores in a total of 30 states as of 2024.
• Subject property was built in 2023 and has been operating as a Scooter’s since then.
• Average store sales (AUV’s) for Scooter’s Coffee range from $850,000 to some locations with sales north of $1.5MM.
• Average EBITDA margins for Scooter’s franchisees range from 16%-22%, significantly higher than most other QSR brands. The high EBITDA margins allow for high profitability.

STRONG TRAFFIC COUNTS | HARLINGEN, MCALLEN AND BROWNSVILLE MSA WITH GROWING POPULATION

• Traffic counts of (~20,000+ VPD Intersection) per day on intersection of S 77 Carey Drive NW and S Ed Carey Drive (.17 miles away).
• The Harlingen and McAllen metro market has seen an average annual growth rate of over 2%.
• The property is immediately surrounded by other national retailers. Tenants include Panda Express, Taco Bell, Raising Cane’s, McDonald’s, Little Caesars Pizza.

ABSOLUTE TRIPLE NET LEASE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 20 YEAR LEASE

• Zero Landlord Responsibilities – Tenant to Pay Tax, Insurance, and Maintenance.
• 20 Year Original Lease Term starting at Close of Escrow.
• Property was Built in 2023 and has Operated as a Scooter’s since then.
• The Lease Features Attractive Rental Increase of 7.5% Every 5 Years.
• Absolute Triple Net Lease that provides a hedge against inflation.

FRANCHISEE GUARANTEE | STRONG SALES | LOW RENT TO SALES RATIO | EXPERIENCED OPERATOR

• Lease is guaranteed by the franchisee entity with plans to open multiple stores.
• Store has been open since the summer of 2023 and is on track to beat average Scooter’s Coffee sales.