Property summary
This exceptional investment opportunity presents a brand-new, single-tenant Scooter's Coffee property located at 712 U.S. Hwy 51, Covington, Tennessee, 38019. The 664 square foot building, constructed in 2024, sits on a 0.89-acre lot and boasts a 10-year absolute NNN lease commencing June 20, 2024, and expiring June 30, 2034. The lease includes six 5-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The property enjoys 100% occupancy and… generates a strong net operating income (NOI) of $94,169, resulting in a compelling 6.80% cap rate. The asking price is $1,385,000, translating to a land value of $35.73 per square foot. This strategically positioned property benefits from high visibility and accessibility on a major retail thoroughfare, Hwy 51. Nearby national retailers include Family Dollar, Walgreens, Dollar General, and O'Reilly Auto Parts, further enhancing its desirability. The property's proximity to hotels with over 250 rooms within a one-mile radius and a Walmart-anchored shopping center within 2.5 miles adds to its strong retail draw. Furthermore, its location within four miles of Dyersburg State Community College and Baptist Memorial Hospital-Tipton provides a substantial customer base. Scooter's Coffee, a rapidly expanding franchise with over 800 locations, is ranked #2 on Entrepreneur's Franchise 500 list in 2024, signifying its brand strength and market appeal. This investment offers a secure, high-return opportunity in a thriving retail market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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