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Views: 25 DOM: 53 Updated: 05.23.23 Posted: 04.29.23 Status: Sold 06.21.23

Summary

Price $975,000 $1,000,000
Built/Renov 2023
Tenant Scooter's Coffee (GL)
Cap Rate 5.13% 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 650
Lease Start 04-02-2023
#Units 15
Price/SF $1,500.00 $1,538.46
Expiration 04-01-2033
Tenant Type Fast Food/QSR
NOI $50,000
R. Term 8.3
Ownership Ground Lease
Rent/SF $76.92
Increases 10.0%/5/yrs
Pop 5Mi 42,347
Lot/AC 0.80
Options 3/5yrs/10%
AHHI 5Mi $89,233

Lease Highlights

  • New 2023 construction
  • Brand-new 10 year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN ground lease with zero landlord responsibilites
  • Guarantee by Hart Family Coffee, a strong Franchisee with nearly 15 locations and 32 scheduled for development

Location Description

This newly constructed Scooter’s Coffee is strategically fronting US-10 which sees 31,000 vehicles passing daily and located less than 2 miles from Interstate 39 which sees 36,000 vehicles passing daily and provides direct on/off ramp access for travelers. Located within a dense retail corridor, nearby major national tenants include Ross Dress for Less, Target, Big Lots!, ALDI, Hobby Lobby,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Scooter’s Coffee is a drive-thru specialty coffeehouse chain that was founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska. With a simple formula in mind: high-quality drinks, speed of...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 10 Amber Ave 2017 21,300 0.06 mi
US 10 2021 20,200 0.21 mi
Jefferson St Schiller Dr 2002 20 0.25 mi
Brilowski Rd Hwy 10 2017 9,200 0.27 mi
2021 7,500 0.30 mi
2021 2,900 0.30 mi
Hunter Oaks Dr Halstad Dr 2002 35 0.30 mi
Schiller Dr Lasalle Ave 2002 35 0.38 mi
Brilowski Rd Elmwood Ave 2005 2,200 0.57 mi
US 10 2021 23,500 0.70 mi

Listing Broker

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