5791 Airline Rd Arlington, TN 38002

Property Details for 5791 Airline Rd

Year built

2024

Lot size

0.63 lot acres

Property size

664 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a brand-new, single-tenant Scooter's Coffee located at 5791 Airline Rd, Arlington, TN 38002. The property, built in 2024 and boasting 664 square feet, sits on a 0.63-acre lot and benefits from a 15-year absolute NNN lease with two 5-year renewal options, each including a 10% rent increase. The lease commenced in October 2024, providing immediate cash flow. The property's strong financial performance is reflected in its $1,786,000 asking price and a 7.00% cap rate, generating a net operating income (NOI) of $125,004. The strategic location, just one mile from Highway 70 (13,269 vehicles per day) and with excellent visibility on Airline Rd (15,147 vehicles per day), ensures high traffic volume. The surrounding area features numerous national and local retailers, including Wendy's, Sonic, McDonald's, and more, further enhancing the property's appeal. Proximity to the under-construction Providence Place (a 45-acre mixed-use development) and The Falls Shopping Center (anchored by Kroger Marketplace) adds to its long-term growth potential. The affluent demographics, with an average household income exceeding $128,100 within a 3-mile radius, contribute to a stable and lucrative investment. Scooter's Coffee, a rapidly expanding franchise with over 800 locations, was ranked #2 on Entrepreneur's 2024 Franchise 500 list, signifying its brand strength and market position. This property offers a secure, high-return investment with significant upside potential. The land value is $64.83 per square foot. The drive-thru design optimizes operational efficiency. The lease includes a personal guaranty.

Location Insight

City

Arlington

County

Shelby

State

Tennessee

Longitude

-89.6713

Latitude

35.284