100 Family Fare - Fast Food FOR SALE


Nappanee, IN 46550
$1,500,000 USD
574-360-6881
100 Family Fare, Nappanee, IN for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

100 Family Fare
Nappanee, IN 46550


HIGHLIGHTS

  • Absolute NNN Lease - Scooter's Coffee
  • Franchisee will sign a 15 - year lease at Closing
  • 10% Rental Increases Every 5 Years
  • Franchisee has 2 other locations and developing more stores, showing stability in their growth and investment.
  • 3, 5 - Year Options at same 10% rental Increase

OVERVIEW

Absolute NNN Lease on a brand-new Scooter's Coffee built in 2022 in growing Nappanee, Indiana at a 6% CAP Rate. Franchisee will sign a 15-year lease at Closing for $7,500/Month with 10% rental increases every 5 years and 3, 5-year options at the same 10% increase every 5 years. Located on U.S. Highway 6 less than 1 mile east of IN-19, the location has great visibility for the operator. The Scooter's Coffee franchise has made an aggressive, and very successful push into the Midwest markets. This franchisee also has 2 other stores in the region and continuing to develop stores, showing stability in their growth and investment.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$2,500 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee - 15 Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C - Commercial

APN/PARCEL ID

20-14-31-276-052.000-029

ASK ABOUT THIS PROPERTY

John PiracciniColdwell Banker Commercial Real Estate GroupMore Info
574-360-6881

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John PiracciniColdwell Banker Commercial Real Estate GroupMore Info
574-360-6881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.