Scooter's Coffee - Maryville, IL | 2119 S Center St
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Scooter's Coffee - Maryville, IL 2119 S Center St
664 SF Retail Building Maryville, IL 62062 £955,139 (£1,438/SF) 6.65% Net Initial Yield
Investment Highlights
- GROWING COMPANY WITH OVER 800+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS
- FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 15-YEAR LEASE
- ST. LOUIS, MISSOURI MSA | HIGH HOUSEHOLD INCOMES | FAST GROWING SUB-MARKET
- FRANCHISEE GUARANTEE | HIGH PERFORMING LOCATION | GROWING TENANT
Executive Summary
GROWING COMPANY WITH OVER 800+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS
Scooter’s Coffee now has 800+ stores operating across the US and has commitments to open stores in a total of 30 states as of 2024.
Subject property was built in 2023 and has been operating as a Scooter’s Coffee since then.
Average store sales (AUV’s) for Scooter’s Coffee can range from $850,000 to some locations with sales north of $1.5MM.
Average EBITDA margins for Scooter’s franchisees range from 16%-22%, significantly higher than most other QSR brands. The high EBITDA margins allow for high profitability.
ST. LOUIS, MISSOURI MSA | HIGH HOUSEHOLD INCOMES | FAST GROWING SUB-MARKET
Maryville, Illinois is located just 20 miles from the heavily populated city of St. Louis, Missouri making it an immediate suburb to the larger metro.
Average Household Incomes Exceed $120,000/Annually.
Growth Rates in the St. Louis Suburbs have exceeded 2% Annually for the last 10 Years in a row.
FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 15-YEAR LEASE
Fee Simple Ownership - Land and Building.
Zero Landlord Responsibilities - Tenant to pay Taxes, Insurance, and Maintain the Property.
15-Year Original Lease Term Starting at Close of Escrow.
Property was Built in 2023 and has operated as a Scooter’s Coffee since then.
The Lease features attractive rental increases of 1.5% annually.
Absolute Triple Net Lease that provides the landlord with a hands off property .
FRANCHISEE GUARANTEE | HIGH PERFORMING LOCATION | GROWING TENANT
Current sales are trending north of $1MM range which puts this store in the high performer category.
Franchisee intends to continue growing further Scooter’s locations. Guarantee will grow over time.
Projected Rent to Sales ratio at this location is roughly 8%.
Scooter’s Coffee now has 800+ stores operating across the US and has commitments to open stores in a total of 30 states as of 2024.
Subject property was built in 2023 and has been operating as a Scooter’s Coffee since then.
Average store sales (AUV’s) for Scooter’s Coffee can range from $850,000 to some locations with sales north of $1.5MM.
Average EBITDA margins for Scooter’s franchisees range from 16%-22%, significantly higher than most other QSR brands. The high EBITDA margins allow for high profitability.
ST. LOUIS, MISSOURI MSA | HIGH HOUSEHOLD INCOMES | FAST GROWING SUB-MARKET
Maryville, Illinois is located just 20 miles from the heavily populated city of St. Louis, Missouri making it an immediate suburb to the larger metro.
Average Household Incomes Exceed $120,000/Annually.
Growth Rates in the St. Louis Suburbs have exceeded 2% Annually for the last 10 Years in a row.
FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 15-YEAR LEASE
Fee Simple Ownership - Land and Building.
Zero Landlord Responsibilities - Tenant to pay Taxes, Insurance, and Maintain the Property.
15-Year Original Lease Term Starting at Close of Escrow.
Property was Built in 2023 and has operated as a Scooter’s Coffee since then.
The Lease features attractive rental increases of 1.5% annually.
Absolute Triple Net Lease that provides the landlord with a hands off property .
FRANCHISEE GUARANTEE | HIGH PERFORMING LOCATION | GROWING TENANT
Current sales are trending north of $1MM range which puts this store in the high performer category.
Franchisee intends to continue growing further Scooter’s locations. Guarantee will grow over time.
Projected Rent to Sales ratio at this location is roughly 8%.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
664 SF
Building Class
C
Year Built
2023
Price
£955,139
Price Per SF
£1,438
Net Initial Yield
6.65%
NOI
£63,517
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
0.50 AC
Frontage
104 ft on HIGHWAY 159
Amenities
- Signage
-
Value Net Lease Partners Neil Naran -
Value Net Lease Partners Jan Niklas Cartus -
Scott Reid
- Value Net Lease Partners
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Scooter's Coffee - Maryville, IL | 2119 S Center St
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