Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a recently built Scooter’s Coffee. The subject property was originally built in 2019. Due to its excellent location, the franchisee of Scooter’s Coffee decided to build the structure and offer the long term 10-year sale-leaseback.
The brand new 10-year lease will begin at the COE. 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. Additionally, the annual rent is set at a healthy and below market rent-to-sales ratio (contact agent).
The Property has excellent visibility and is conveniently situated on a large corner lot along 4th Street and Story Street. 4th Street is a main corridor in the area and sees heavy traffic on a daily basis. Nationally recognized tenants such as Walgreens, Subway, Taco John's, Circle K, U.S Bank, Starbucks, Dollar General, and McDonald's surround the property, further driving consumers to the area. This specific location offers a brand new 10-year lease, excellent corner lot visibility, franchise guarantee, and zero landlord responsibility.
Scooter’s Coffee, headquartered in Omaha, NE has close to 500 locations across 26 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.