Contacts
Adrian Stepien
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 544 SF
- Lot Size 0.49 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2019
- Date Updated Oct 29, 2024
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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, operates 400+ locations across 26 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 has excellent visibility along 4th Street, a major thoroughfare in the city of Boone, which sees heavy vehicle traffic on a daily basis.
- PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru, which has driven the success of the brand through COVID.
Attachments
Getting around
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Walk Score ®
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Location
- City Boone, IA
- Zip Code 50036
Points of Interest
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Downtown
0.48 miles
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Tama Street
0.55 miles
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Linn Street
0.62 miles
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Boone - Deopt
0.76 miles
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Argo Street
0.83 miles
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Marion Street
1.35 miles
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West 15th Street
1.58 miles
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Quartz Ave
1.89 miles
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Pilcher's Overhead
2.59 miles
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High Bridge - South
3.30 miles
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Kum & Go
0.03 miles
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Casey's General Store
0.57 miles
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Subway
0.07 miles
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Domino's
0.14 miles
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The Whistle Stop Cafe
0.55 miles
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La Carreta
1.17 miles
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McDonald's
1.17 miles
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DQ Grill & Chill
1.20 miles
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Saint's Avenue Cafe
1.25 miles
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The Colorado Grill
1.42 miles
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Pizza Hut
1.48 miles
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Pizza Ranch
1.54 miles
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Hy-Vee
0.43 miles
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Fareway
1.55 miles
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Walmart Supercenter
1.67 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Adrian Stepien
Prime Net Lease