- 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
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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.
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Contacts
Location
Getting Around
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Walk Score ®
50/100 Somewhat Walkable -
Bike Score ®
43/100 Somewhat Bikeable
- City Ottumwa, IA
- Zip Code 52501
Points of Interest
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BP
0.03 miles
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Casey's General Store
0.22 miles
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Albia Road BP
0.46 miles
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Yesway
0.66 miles
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Hy-Vee Gas
0.70 miles
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Cenex
1.28 miles
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Murphy Gas
1.36 miles
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ALDI parking
0.55 miles
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AutoZone parking
0.61 miles
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Papa John's
0.00 miles
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Tuscany
0.05 miles
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Papa Murphy's
0.11 miles
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The Funky Martin House
0.20 miles
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McDonald's
0.37 miles
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Dairy Queen
0.39 miles
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Long John Silver's
0.42 miles
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Taco Bell
0.54 miles
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Los Cactus Taqueria
0.59 miles
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Juanita's Restaurant
0.63 miles
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Fareway
0.47 miles
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ALDI
0.54 miles
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JCPenney
0.61 miles
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Quincy Place Mall
0.63 miles
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Hy-Vee
0.68 miles
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Herberger's
0.69 miles
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Tienda Mexicana
0.80 miles
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Kohl's
1.01 miles
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Walmart Supercenter
1.29 miles
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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
Paul Matusik
Prime Net Lease