Scooter's Coffee

719 Richmond Ave, Ottumwa, IA 52501

  • For Sale $1,100,000
  • Property Type Retail - Freestanding
  • Property Size 2,383 SF
  • Lot Size 0.34 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1982
  • Year Renovated 2023
  • Date Updated Oct 29, 2024
This Scooter's Coffee is located in Ottumwa, Iowa along N Ferry street and in close proximity to the 34th Infantry Division Hwy, a major thoroughfare in the area. This is an excellent location for an express coffee shop due to high daily traffic counts. Ottumwa is a growing town located in Wapello County. A number of sizable developments have spurred a great deal of additional commercial interest in Ottumwa. Locally owned businesses, as well as national corporations continue investing in the community through expansion and/or opening new facilities in Ottumwa. The expanding commercial districts and industrial base make Ottumwa a strong, viable and expanding community. Through progressive partnerships between City government and private business and industry, Ottumwa is looking forward to an era of growth. In the early 1800s the area was populated by several Native Peoples. The Ioway tribe had pre-historic connections to the area; the Mesquaki and Sac were relative newcomers. As westward expansion approached, these tribes were moved to western reservations and Wapello County was opened for a land rush on May 1,1843. By the end of May over 5,000 settlers came to the county to claim land for crop, livestock and homesteading. About 470 acres of the Ottumwa area was settled by investors of the Appanoose Rapids Company. Over time the name of the community changed from Louisville to Ottumwa. By 1844, Ottumwa was declared the county seat of Wapello County and began to develop as a city. As of the 2000 United States Census, there were 24,998 people, 10,383 households, and 6,530 families residing in the city. The population density was 1,582.2 inhabitants per square mile. There were 11,038 housing units at an average density of 698.6 per square mile. As the home of Twin Galaxies, Ottumwa was proclaimed the "Video Game Capital of the World" by a mayoral decree issued on November 30, 1982, by Ottumwa Mayor Jerry Parker. The city's proclamation was recognized by U.S. Senator Charles Grassley. In connection with this proclamation, the city hosted the first North American Video Olympics in the fall of 1982. In 2009, the city council and chamber of commerce authorized a steering committee to plan out the International Video Game Hall of Fame museum, which, while not yet built, has inducted several video game industry professionals, developers and designers, and high-scoring players into the Hall of Fame. Nearby this Scooter's Coffee lies the city of Des Moines, the capital and the most populous city in the state of Iowa. Des Moines is a major center of the US insurance industry and has a sizable financial services and publishing business base. The city was credited as the "number one spot for U.S. insurance companies" in a Business Wire article and named the third-largest "insurance capital" of the world. The city is the headquarters for the Principal Financial Group, Ruan Transportation, TMC Transportation, EMC Insurance Companies, and Wellmark Blue Cross Blue Shield. Other major corporations such as Wells Fargo, Cognizant, Voya Financial, Nationwide Mutual Insurance Company, ACE Limited, Marsh, Monsanto, and Corteva have large operations in or near the metropolitan area. In recent years, Microsoft, Hewlett- Packard, and Facebook have built data-processing and logistical facilities in the Des Moines area.

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Attachments

Highlights

  • LONG TERM & BRAND-NEW LEASE – 13 + years remaining, 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 19-unit operator looking to expand to 50 locations.
  • GREAT SALES - This location generates sales over $1.2 Million annually, and has a rent to sales ratio of under 5%. Making this a very profitable location for the operator.
  • MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years, operates 400+ locations across 24 states, and has aggressive expansion plans for the next several years.
  • HIGH TRAFFIC AREA - The subject property is situated on a large corner lot and is in close proximity to the U.S 34, a major thoroughfare in the city of Ottumwa, which sees heavy vehicle traffic on a daily basis.

Contacts

broker

Paul Matusik

Prime Net Lease

Location

Getting Around

  • Walk Score ®

    50/100 Somewhat Walkable
  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ottumwa, IA
  • Zip Code 52501

Points of Interest

  • BP

    0.03 miles

  • Casey's General Store

    0.22 miles

  • Albia Road BP

    0.46 miles

  • Yesway

    0.66 miles

  • Hy-Vee Gas

    0.70 miles

  • Cenex

    1.28 miles

  • Murphy Gas

    1.36 miles

  • ALDI parking

    0.55 miles

  • AutoZone parking

    0.61 miles

  • Papa John's

    0.00 miles

  • Tuscany

    0.05 miles

  • Papa Murphy's

    0.11 miles

  • The Funky Martin House

    0.20 miles

  • McDonald's

    0.37 miles

  • Dairy Queen

    0.39 miles

  • Long John Silver's

    0.42 miles

  • Taco Bell

    0.54 miles

  • Los Cactus Taqueria

    0.59 miles

  • Juanita's Restaurant

    0.63 miles

  • Fareway

    0.47 miles

  • ALDI

    0.54 miles

  • JCPenney

    0.61 miles

  • Quincy Place Mall

    0.63 miles

  • Hy-Vee

    0.68 miles

  • Herberger's

    0.69 miles

  • Tienda Mexicana

    0.80 miles

  • Kohl's

    1.01 miles

  • Walmart Supercenter

    1.29 miles

  • Market on Main

    1.33 miles

Frequently Asked Questions

How much does Scooter's Coffee cost?

The space currently listed for sale at Scooter's Coffee asks for $1,100,000.

What is the total square footage of Scooter's Coffee?

Scooter's Coffee totals 2,383 square feet.

When was this property built?

Scooter's Coffee was built in 1982.

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Contact Listing Broker

broker

Paul Matusik

Prime Net Lease