Scooter's Coffee (GL)

912 West Main Street, Peru, IN 46970

$1,041,322

Cap Rate 6.05%

$1,050,000

Cap Rate 6.00%

Views: 56 DOM: 7 Updated: 08.02.23 Posted: 08.02.23 Status: Sold 08.10.23

Summary

Price $1,041,322 $1,050,000		Tenant Scooter's Coffee (GL)
Cap Rate 6.05% 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF	Lease Start 12-01-2023	#Units 659
Price/SF $1,568.26 $1,581.33	Expiration 11-30-2043	Tenant Type Fast Food/QSR
NOI $63,000	R. Term 18.11	Ownership
Rent/SF $94.88	Increases 10.0%/5/yrs	Pop 5Mi 16,911
Lot/AC 0.00	Options 3/5yrs/10%	AHHI 5Mi $69,650

Lease Highlights

Brand-new 2023 construction
Scooter’s recently signed a 20-year ground lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Scooters’ Coffee is strategically located on a hard corner at the signalized intersection of W. Main Street and S. Business 31 with access to 9,538 vehicles passing per day. It is the primary retail shopping center for the entire region with anchors Kroger and ALDI directly next to the subject property. Other national brands adjacent to the site, include McDonald’s, Wendy’s, Arby’s, Pizza Hut,...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Major thoroughfare
Near major nationals
Shopping Ctr out-parcel
Highway location
Brand new lease
Long 20+ yr lease
Personal guarantee

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Links

Scooter's Coffee Wikipedia Peru, Indiana Zip Code 46970 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Scooter's Coffee
Guarantor:Franchisee
Company:Approved Franchisee Assignee
# Units:659
Stock:Private

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,719	14,034	17,074
2023 Total Population :	2,765	14,074	17,097
2023 Employed Civilian Pop :	1,310	6,269	7,546
2023 Total Businesses :	122	582	660
2023 Average Household Income :	$ 73,655	$ 67,023	$ 69,429
2023 Total Consumer Spending :	$ 75 M	$ 358 M	$ 445 M
2023 Median Age :	43	42	43
2023 Total Households :	1,161	6,052	7,280
2023 Pop Age 25+: Bachelor's Degree :	228	1,079	1,322
2023 Average Home Value :	$ 137,437	$ 140,903	$ 147,987

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Main Street	S Business 31	2018	4,250	0.07 mi
Local	Hwy 31 Bus	2020	8,582	0.09 mi
Business US-31	W River Rd	2021	9,131	0.09 mi
West Main Street	N Kelly Ave	2021	4,430	0.14 mi
North Kelly Avenue	W 5th St	2021	651	0.17 mi
Riverside Drive	W Riverside Dr	2021	1,763	0.29 mi
South Wallick Road	S Business 31	2018	2,850	0.42 mi
North Chestnut Street	W 5th St	2021	896	0.43 mi
West Main Street	N Chestnut St	2018	5,325	0.46 mi
North Union Street	N Holman St	2018	815	0.71 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
26007 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
24170 Views
59 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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