Scooter's Coffee - Absolute NNN | 6.25% CAP 1026 West St st 650 SF Retail Building Grinnell, IA 50112 £680,211 (£1,046.48/SF) 6.25% Net Initial Yield

Prime Net Lease is excited to present the opportunity to acquire the fee simple interest in a newly constructed Scooter’s Coffee, built in 2024. Thanks to its prime location and strong sales, one of Scooter’s Coffee’s top-performing franchisees is offering a long-term 15-year sale-leaseback, highlighting the site’s exceptional value and stability.
At closing, a brand-new absolute NNN lease will take effect, featuring 2% annual rental increases and four five-year renewal options, each maintaining the same rent escalation structure. The lease is designed with a competitive, below-market rent-to-sales ratio (contact agent for details), ensuring a sustainable and attractive investment.
Ideally positioned on a high-visibility corner lot along US Route 6, a key thoroughfare with traffic exceeding 10,000 vehicles per day, the property is surrounded by major national brands, including Maverik, McDonald’s, Taco John’s, Jimmy John’s, and Casey’s General Store, all of which contribute to strong consumer traffic. Additionally, the location benefits from its proximity to Grinnell College, a well-regarded institution with students from affluent backgrounds who have high discretionary income, providing a steady customer base. With minimal competition in the area, particularly in the drive-thru coffee segment, this property holds a significant competitive edge. Offering a new 15-year lease, franchisee guarantee, zero landlord responsibilities, and a dominant location, this investment opportunity combines stability, growth potential, and strong market fundamentals.
Scooter’s Coffee, headquartered in Omaha, NE has upwards of 800 locations across 30 states. Founded in 1998, Scooter’s Coffee is quickly expanding and establishing itself as a powerhouse coffee brand.