Scooter's Coffee

For Sale

2008 Deere Dr. , Milan, IL 61264

This Milan property for sale is located at 2008 Deere Dr. . The current listed sale price for Scooter's Coffee is $1,100,000. Scooter's Coffee is situated on a lot that is 0.41 acre in size.

Contacts

broker

Paul Matusik

Prime Net Lease

Property Details

  • Property Type Retail - Freestanding
  • Property Size 600 SF
  • Lot Size 0.41 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2023
  • Date Updated Oct 29, 2024
Living in Milan offers residents a dense suburban feel and most residents own their homes. In Milan there are a lot of parks. Many families and retirees live in Milan and residents tend to lean conservative. The public schools in Milan are above average. The village of Milan is on the Rock River in northwest Illinois, about 4 miles upstream of its outlet to the Mississippi. The village is the site of the south campsites which are comprised the Sauk and Fox village of Saukenuk, once the second-largest Native American inhabitation in North America. Originally platted along the right-of-way for the Hennepin Canal, in 1837, the village site was called in land speculation papers "Hampton" (not the town in Illinois, approximately 13 miles north-northeast, on the Mississippi River). "Hampton's" land speculators, George Camden and Franklin Vandruff, sold land along the Rock River, along a north-west flowing creek, which was re-routed north into the Rock's main channel. Along Mill Creek, the industries of wool-carding and (river clamshell) "pearl" button-making helped rename the village by 1841 as Camden Mills. This charming small town offers a lot of great activities for residents. Milan sits below Moline and the Rock River. We are 7 miles from Downtown Rock Island, IL. With wonderful parks, a lively dining experience and music scene, you will find yourself immersed in the culture of Milan, IL. The village has "sister cities" in Missouri, Tennessee, and Michigan.Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a Scooter’s Coffee. The subject property was originally built in 2023. This absolute NNN lease has 2% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 2% annual rental increases. Additionally, the annual rent is set at a healthy and below market rent-to-sales ratio. The Property has excellent visibility and is conveniently situated on a large corner lot. The property is in close proximity to Highway 78 and Interstate 280, a main corridor in the area that sees heavy traffic on a daily basis, and is within miles of Quad Cities International Airport. Nationally recognized tenants such as McDonalds, U.S Bank, Taco John’s, Walgreen's, Olive Garden, Ross Dress for Less, and Verizon surround the property, further driving consumers to the area. This specific location offers a brand new 15-year lease, excellent corner lot visibility, a franchise guarantee, and zero landlord responsibility. Scooter’s Coffee, headquartered in Omaha, NE has close to 700 locations across 33 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.

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Highlights

  • LONG TERM & BRAND-NEW LEASE – 15-year lease will commenced 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 12-unit operator looking to expand to 50 locations.
  • MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years, operates 700+ locations across 33 states, and has aggressive expansion plans for the next several years.
  • HIGH TRAFFIC AREA - The property is in close proximity to Highway 78 and Interstate 280, a main corridor in the area that sees heavy traffic on a daily basis, and is within miles of Quad Cities International Airport.

Attachments

Getting around

  • 9/100

    Walk Score ®

  • 31/100

    Bike Score ®

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Location

  • City Milan, IL
  • Neighborhood Milan
  • Zip Code 61264

Points of Interest

  • Hy-Vee Gas

    1.56 miles

  • Shell

    2.20 miles

  • BP

    2.55 miles

  • Jewel Express

    3.39 miles

  • 76

    3.42 miles

  • Gas Land

    3.61 miles

  • Moline Food Gas and Liquor

    4.14 miles

  • Credit Union Parking

    1.47 miles

  • Short Term Parking

    1.85 miles

  • Rental Cars

    1.87 miles

  • Long Term Parking

    1.87 miles

  • Cell Phone Lot

    2.04 miles

  • Lot M

    3.88 miles

  • Lot L

    3.88 miles

  • Lot N-1

    3.90 miles

  • Lot R

    3.90 miles

  • Lot N-3

    3.92 miles

  • Hardee's

    1.56 miles

  • McDonald's

    1.59 miles

  • Maid-Rite

    1.71 miles

  • Subway

    1.81 miles

  • Fazoli's

    1.91 miles

  • Pizza Joynt

    2.04 miles

  • Bare Bones BBQ

    2.07 miles

  • Benny's Pizza

    2.18 miles

  • Montana Jacks

    2.23 miles

  • Taco Bell

    2.27 miles

  • Save-A-Lot

    1.62 miles

  • Hy-Vee

    1.66 miles

  • Kohl's

    1.83 miles

  • Target

    1.88 miles

  • Ross

    1.97 miles

  • Von Maur

    2.33 miles

  • JCPenney

    2.49 miles

  • Dillard's Clearance Center

    2.49 miles

  • Shoppes at Southpark

    2.49 miles

  • City Line Plaza

    3.30 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

broker

Paul Matusik

Prime Net Lease