7971 Hwy Millington, TN 38053

Property Details for 7971 Hwy

Year built

2023

Lot size

0.71 lot acres

Property size

664 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a brand-new, single-tenant Scooter's Coffee building in Millington, Tennessee. The property boasts a 10-year absolute NNN lease with a corporate guarantee from Scooter's Coffee, a rapidly expanding national franchise (ranked #2 on Entrepreneur's Franchise 500 list in 2024 with over 800 locations). The lease commenced September 8, 2023, and expires September 30, 2033, offering a substantial remaining lease term of 10 years. Rent increases are built in, with a 10% bump every five years, ensuring consistent income growth. The 664 square foot building sits on a 0.714-acre lot, strategically located on US Hwy 51, a major retail thoroughfare, providing excellent visibility and access. The property benefits from its proximity to Huntington Estates (a new single-family home community), Forked River Commons (a recently opened $58 million shopping center), and a Kroger-anchored shopping center. Multiple hotels within a 2.5-mile radius further enhance the location's appeal. The property features a drive-thru and dual ingress/egress, maximizing operational efficiency. The asking price is $1,530,000, representing a 6.75% cap rate and a NOI of $103,124. Four 5-year lease renewal options provide long-term security and predictable cash flow. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant upside potential.