Contacts
Paul Matusik
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 600 SF
- Lot Size 0.65 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2023
- Date Updated Oct 30, 2024
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Highlights
- LONG TERM 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 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 700+ locations across 33 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 County Road and N. Main Street, two major thoroughfares in the city of Princeton, and sees heavy vehicle traffic on a daily basis.
- LOW PRICE POINT - Listed at $900,000 provides a wonderful opportunity for first time investors to acquire and experience a single -tenant NNN investment with entry-level acquisition.
Attachments
Getting around
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Location
- City Princeton, IL
- Zip Code 61356
Points of Interest
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Princeton
0.50 miles
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Princeton Station
0.52 miles
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Beck's
0.08 miles
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Sullivan's
0.08 miles
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Shell
0.30 miles
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Pilot
0.73 miles
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Phillips 66
1.46 miles
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Great Sauk Trail Rest Area - Westbound Semi truck Parking
4.76 miles
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Great Sauk Trail Rest Area - Westbound Parking
4.83 miles
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Great Sauk Trail Rest Area - Eastbound Semi truck Parking
5.15 miles
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Great Sauk Trail Rest Area - Eastbound Parking
5.21 miles
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Culver's
0.20 miles
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McDonald's
0.28 miles
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Wendy's
0.35 miles
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Jimmy John's
0.43 miles
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The Coffee Cup
0.46 miles
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Dairy Queen
0.81 miles
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Pizza Hut
0.85 miles
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Subway
1.35 miles
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Monical's Pizza
1.38 miles
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Grandma Rosie's
1.58 miles
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Sullivan's
0.13 miles
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Walmart Supercenter
0.32 miles
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Austin Parker Naturals
1.56 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
Paul Matusik
Prime Net Lease