327 Story St - Fast Food FOR SALE
Boone, IA 50036 |
327 Story St
Boone, IA 50036
HIGHLIGHTS
- LONG TERM & BRAND-NEW LEASE – 10-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.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- FRANCHISE GUARANTEE – The lease is guaranteed by the Franchisee, a strong and growing 13-unit operator looking to expand to more locations.
- MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 400+ locations across 26 states.
- HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along 4th Street with heavy vehicle traffic.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee | 6.25% CAP | 10 YEAR LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
1000
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
088426281382049
