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31394039
31394130

901 W Platt St, Maquoketa, IA 52060

MM
CA CA 01888322
Prime Net Lease
AS
CA 01979555
Prime Net Lease
Listed by Prime Net Lease
$829,268
8 days on market
Updated 8 days ago

Scooter's Coffee

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 646
Cap Rate 6.15%
NOI $51,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dutch Bros. Coffee (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 05/30/2041
Remaining Term 15
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $1,284
Broker Co-Op Yes
Year Built 2022
Buildings 1
Stories 1
Acreage 0.320
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Lease Commencement 05/07/2026
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

Absolute NNN | 15 Year Lease | Low Rent-To-Sales Ratio | 27-Unit Guarantee

Marketing description

Prime Net Lease is pleased to present a compelling opportunity to acquire the fee simple interest in a recently constructed Scooter’s Coffee location in Maquoketa, IA. Built in 2022, this high-performing site has been selected for a long-term sale-leaseback with one of Scooter’s Coffee’s top franchise operators, further underscoring the strength and proven success of the location.

This investment offers a brand-new 15-year absolute NNN lease featuring 10% rental increases every 5 years and during the option periods, providing consistent income growth and strong inflation protection. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), offering added confidence in the tenant’s long-term sustainability and performance.

Strategically positioned along W Platt St, the property benefits from excellent visibility and exposure to approximately 10,000 vehicles per day. The site is surrounded by a strong mix of national and regional retailers, including McDonald’s, Subway, Dollar General, Casey's, Dollar Tree, and O'Reilly Auto Parts, all of which drive significant daily consumer traffic to the area. The combination of a newly built asset, long-term lease, absolute NNN structure with zero landlord responsibilities, strong franchisee, and high-traffic location makes this an outstanding investment opportunity.

Scooter’s Coffee, headquartered in Omaha, NE, has upwards of 900 locations across 30+ states. Founded in 1998, Scooter’s Coffee continues its rapid expansion and is firmly establishing itself as a leading national coffee brand.

Investment highlights

  • LONG TERM & BRAND-NEW LEASE – Newly executed 15-year lease just commenced, providing a long term and stable investment for a new investor.
  • LOW RENT-TO-SALES RATIO – The store operates at a healthy, below-market rent-to-sales ratio, supporting long-term sustainability and strong unit-level economics (contact agent for details).
  • ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
  • RENTAL INCREASES – There are 10% rental increases every 5 years and during the option periods, providing an investor a hedge against inflation.
  • FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 27+ unit operator and the two time Scooter's Franchise of The Year award recipient.
  • LOW PRICE POINT – Priced below $900,000, this offering presents an exceptional opportunity for first-time investors to acquire an entry-level, single-tenant NNN asset and gain exposure to stable, passive income.
  • MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 25 years, operates 900+ locations across 30+ states, and has aggressive expansion plans for the next several years.
  • HIGH TRAFFIC AREA - The subject property has excellent visibility along W Platt St, a major thoroughfare in the city of Maquoketa, which sees approximately 10,000 vehicles on a daily basis.
  • PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru, which has driven the success of the brand through COVID.

Listing Contacts

MM
CA CA 01888322
Prime Net Lease
AS
CA 01979555
Prime Net Lease
Listed by Prime Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$51,000.00
$4,250.00/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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