1026 West St st - Retail FOR SALE
Grinnell, IA 50112 |
1026 West St st
Grinnell, IA 50112
HIGHLIGHTS
- LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 28+ unit operator and the Scooter's Franchise of The Year award recipient.
- COLLEGE TOWN DEMOGRAPHICS – Grinnell College students come from affluent families and have high discretionary income.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- MINIMAL COMPETITION – There is a clear lack of drive-thru coffee competition in the area, giving this location a significant advantage.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Absolute NNN | 6.25% CAP
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
650
STORIES
1
YEAR BUILT
2024
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
180-0452900
