Listed by Veritas Realty
$1,655,844
Scooter's Coffee Drive-Thru
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 684
Units 1
Cap Rate 7.7%
NOI $127,500
Tenancy Single
Brand/Tenant Scooter's Coffee
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/14/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options Four Options of 5-Years
Price per SqFt $2,421
Year Built 2022
Acreage 0.250
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/15/2024
Occupancy Date 10/15/2024
Ground Lease Yes
Abs NNN | 14 Years | 2.0% Annual Increases
Investment highlights
- Absolute NNN Ground Lease: Zero landlord responsibilities
- Long-Term Hold: 13.5 years remaining on the initial term
- 2.0% Annual Rental Increases: Steady NOI growth
- New Construction (2022): Minimal capital expenditure risk
- Strategic Location: Along W Van Buren St (IL-54) with 8,550 AVD and directly across from Clinton High School
- Retail Corridor: McDonald’s, Dairy Queen, CVS, AutoZone, Tractor Supply, Verizon, Dollar General, Hardee’s, etc...
- Limited Competition: Only branded coffee drive-thru in Clinton
Listing Contacts
Listed by Veritas Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,500.00
$10,625.00/mo
Valuation Metrics
0
DSCR
7.7%
Cap Rate
7.7%
ROI
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