Scooter's Coffee
Closed206 S Walton Blvd, Bentonville, AR 72712
Property type
Retail
Unit / Space count
1
Price
$1,000,000
Building size
1,500 sf
Rentable area
1,500 SF
Year built
2018
Year renovated
Occupancy
100%
APN
01-18519-000
Zoning code
Commercial
Lot size
0.34 Acres
CAP
6.00%
Price per Unit
$1,000,000
Price per SF
$666.67
Net Operating Income
$60,000
Property description
Franklin Street is pleased to present this freestanding Scooter’s Coffee located in Bentonville, Arkansas. Bentonville is the birthplace of and world headquarters location of Walmart, the world's largest retailer. It is one of the four main cities in the three-county NW Arkansas MSA, which is ranked 105th in terms of population in the U.S. with 546,725 residents in 2020. The Walmart "Home Office" now includes more than 20 buildings throughout Bentonville, specifically along Walton Boulevard (US 71B) in the western part of the city. The impact from the Walmart Home Office is multiplied by the over 1,100 prospective Walmart vendors who have established sales offices in the region. This has resulted in Bentonville being the fastest growing city in Arkansas with a 5% population growth in 2021, and the larger NW Arkansas area one of the fastest growing in the United States. The property is surrounded by other major QSR brands including McDonald’s, Chick-fil-A, Raising Cane’s, Burger King, Starbucks, Chipotle, Subway, Little Ceasars, Wendy's, among many others. Scooter's Coffee is expanding rapidly, and they are well on their way to opening over 1,000 stores. By the end of 2022, Scooter's Coffee will have over 600 stores open across 26 states and five distribution centers operating.
Property highlights
- Scooter's Coffee with 7 Years Remaining on the Initial Lease Term
- Absolute NNN Lease; No Landlord Responsibilities
- 10% Rent Increase in Year 7 and each Extension Option
- Located in NW Arkansas: One of the Fastest-Growing Areas in the Country
- Affluent Submarket: Average Household Income within a 5-Mile Radius exceeds $101,000
- Excellent Visibility: Traffic Counts along S Walton Blvd: 30,500+ VPD
- Densely Populated Area: 118,000+ Residents within a 15-Minute Drive
- Closest National Coffee Brand with a Drive-Thru to the Walmart Corporate Office
- Proximate to Walmart's Corporate Headquarters: Home to over 14,000 Employees
- Further Economic Growth: Over 1,100 Walmart Vendors have Established Offices within the NW Arkansas Region, and this Number Continues to Grow, Driving the Area's Economic Development