6574 Cockrum Rd/Hwy Olive Branch, MS 38654
- Retail properties
- 616 SF
- 0.47 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6574 Cockrum Rd/Hwy
- Year built
- 2024
- Lot size
- 0.47 lot acres
- Property size
- 616 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, single-tenant Scooter's Coffee located at 6574 Cockrum Rd/Hwy 305, Olive Branch, MS 38654. The property boasts a 15-year absolute NNN lease, commencing February 26, 2024, and expiring February 28, 2039, with two 5-year renewal options and a 10% rent increase every five years. The 616 square foot building sits on a 0.47-acre lot, offering excellent visibility and access. Built in 2024, this property enjoys 100% occupancy and generates a strong NOI of $114,996, representing a 7.25% cap rate on the $1,586,000 asking price. The strategic location within one mile of Hwy 78 (33,000 vehicles per day) provides exceptional exposure. The property benefits from its proximity to significant residential areas, including The Cascades (a proposed 84-acre mixed-use development) and Bridges of Camp Creek (a new mixed-use development under construction). Furthermore, several hotels with nearly 830 rooms combined are within a two-mile radius, and a Kroger-anchored shopping center with national retailers is less than two miles away. Scooter's Coffee, a rapidly expanding US franchise with over 800 locations, is ranked #2 on Entrepreneur's 2024 Franchise 500 list. The property includes a drive-thru and benefits from a personal guaranty on the lease. The land value is $77.46 per square foot. This is a turnkey investment with significant long-term growth potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olive Branch
- County
- DeSoto
- State
- Mississippi
- Longitude
- -89.8304
- Latitude
- 34.9559
