630 Tenney St - Retail FOR SALE


Kewanee, IL 61443
$960,000 USD
714-849-5947
630 Tenney St, Kewanee, IL for Sale
$960,000 USD
Retail - FOR SALE
1/12
null | 6.25% Cap Rate

630 Tenney St
Kewanee, IL 61443


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.
  • RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
  • MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years, operates 800+ locations across 30 states.
  • HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along the IL 78, seeing 10,000+ VPD.

OVERVIEW

Prime Net Lease is pleased to present a rare opportunity to acquire the fee simple interest in a newly constructed Scooter’s Coffee location. Built in 2023, this high-performing site has been selected for a long-term, 15-year sale-leaseback by one of Scooter’s Coffee’s top franchise operators, further reinforcing the strength and success of the location. A brand-new, absolute NNN lease will commence at closing, featuring 2% annual rental increases and four successive five-year extension options, each maintaining the same rental escalation structure. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), ensuring long-term sustainability and investor confidence. Strategically positioned on a high-visibility corner lot along IL-78, the property benefits from over 10,000 vehicles per day and close proximity to major national retailers, including Walmart, Verizon, Arby’s, Subway, Burger King, and Aldi, all of which drive significant consumer traffic to the area. The combination of a brand-new 15-year lease, absolute NNN structure with zero landlord responsibilities, excellent visibility, and a strong surrounding tenant mix makes this an outstanding investment opportunity. For more details, contact us today. 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

$960,000 USD

PRICE/SF

$1,477 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee - NNN | 15 Year Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

25-04-480-014

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.