1026 West St st - Retail FOR SALE


Grinnell, IA 50112
$902,400 USD
714-849-5947
1026 West St st, Grinnell, IA for Sale
$902,400 USD
Retail - FOR SALE
1/15
null | 6.25% Cap Rate

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.

OVERVIEW

Prime Net Lease is excited to present the opportunity to acquire the fee simple interest in a newly constructed Scooter’s Coffee, built in 2024. Thanks to its prime location and strong sales, one of Scooter’s Coffee’s top-performing franchisees is offering a long-term 15-year sale-leaseback, highlighting the site’s exceptional value and stability. At closing, a brand-new absolute NNN lease will take effect, featuring 2% annual rental increases and four five-year renewal options, each maintaining the same rent escalation structure. The lease is designed with a competitive, below-market rent-to-sales ratio (contact agent for details), ensuring a sustainable and attractive investment. Ideally positioned on a high-visibility corner lot along US Route 6, a key thoroughfare with traffic exceeding 10,000 vehicles per day, the property is surrounded by major national brands, including Maverik, McDonald’s, Taco John’s, Jimmy John’s, and Casey’s General Store, all of which contribute to strong consumer traffic. Additionally, the location benefits from its proximity to Grinnell College, a well-regarded institution with students from affluent backgrounds who have high discretionary income, providing a steady customer base. With minimal competition in the area, particularly in the drive-thru coffee segment, this property holds a significant competitive edge. Offering a new 15-year lease, franchisee guarantee, zero landlord responsibilities, and a dominant location, this investment opportunity combines stability, growth potential, and strong market fundamentals. Scooter’s Coffee, headquartered in Omaha, NE has upwards of 800 locations across 30 states. Founded in 1998, Scooter’s Coffee is quickly expanding and establishing itself as a powerhouse coffee brand.

FOR SALE DETAILS

PRICE

$902,400 USD

PRICE/SF

$1,388 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

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

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

180-0452900

ASK ABOUT THIS PROPERTY

Adrian StepienPrime Net LeaseMore Info
714-849-5947

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Adrian StepienPrime Net LeaseMore Info
714-849-5947

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