Scooter's Coffee
Scooter's is a Midwest drive-thru coffee chain that is almost entirely franchised, with leases usually guaranteed by small operators. Tiny kiosk footprints mean low rents, so the investment rests mostly on land value; M-One Capital recapitalized it in Oct 2026.
- US units
- 930
- Oct 2026 (approx., system incl. kiosks)
- 3Y net growth
- +86.0%
- vs. FY2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 10–15 yr
- NNN ground lease (franchisee-signed)
- Model
- Franchised
- Private equity (M-One Capital)
Unit count
Scooter's Coffee in the news
All news →- Restaurant Business Magazine
- QSR Magazine
Scooter's Coffee net lease FAQ
What is Scooter's Coffee's credit rating?
Scooter's Coffee does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Scooter's Coffee locations are there in the US?
Scooter's Coffee reported about 930 US locations as of Oct 2026 (approx., system incl. kiosks). That is +86.0% versus 500 in FY2022 (approx.).
What does a typical Scooter's Coffee net lease look like?
Lease type: NNN ground lease (franchisee-signed). Initial term: 10–15 yr. Rent increases: 10% every 5 yrs. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Scooter's Coffee corporate or franchised?
Operating model: Franchised (~98% franchised). For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.