1705 S Memorial Dr - Fast Food FOR SALE
New Castle, IN 47362 |
$1,920,000 USD
843-510-0551
1705 S Memorial Dr
New Castle, IN 47362
HIGHLIGHTS
- 20-Year Absolute Triple Net lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- This Property is Out-Parceled to a Prime Shopping Center in New Castle, IN on South Memorial Drive Which Sees Over 20,000 Vehicles Per Day
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years; They Operate 900+ Locations
- Nearby Tenants Include: Harbor Freight, Buffalo Wild Wings, Goodwill, Anytime Fitness, T-Mobile, McDonald's, Subway, Burger King Etc.
OVERVIEW
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 760 SF Scooter's Coffee Located at 1705 South Memorial Drive in New Castle, IN. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,920,000 USD
PRICE/SF
$2,526 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - New Castle, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
C
APN/PARCEL ID
33-12-22-110-104.001-016
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843-510-0551
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843-510-0551
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