15 Century dr - Retail FOR SALE


Princeton, IL 61356
$898,250 USD
714-875-2400
15 Century dr, Princeton, IL for Sale
$898,250 USD
Retail - FOR SALE
1/2
null | 6.25% Cap Rate

15 Century dr
Princeton, IL 61356


OVERVIEW

Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a Scooter’s Coffee. The subject property was built in 2023. 28-Unit Franchisee gurantee. This absolute NNN lease has 2% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 2% annual rental increases. Annual sales exceed $1M, giving this property a healthy rent-to-sales ration of 4.75%. The Property has excellent visibility and is conveniently situated on a large corner lot along County Road and Highway 26. The property is in close proximity to Interstate Highway 80, a main corridor in the area that sees heavy traffic on a daily basis. Nationally recognized tenants such as McDonalds, Subway, Wendy's, Dollar General, and Walmart surround the property, further driving consumers to the area. This specific location offers excellent corner lot visibility, a franchise guarantee, and zero landlord responsibility. Scooter’s Coffee, headquartered in Omaha, NE has close to 700 locations across 33 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations. This site is operated by a 28 Unit Franchisee who expects to grow to about 50 units by 2027. All 28 units guarantee this lease.

FOR SALE DETAILS

PRICE

$898,250 USD

PRICE/SF

$1,497 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

16-16-107-010

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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