327 Story St | Boone, IA 50036
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327 Story St
Boone, IA 50036
Scooter's Coffee | 6.25% CAP | 10 YEAR LEASE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM & BRAND-NEW LEASE – 10-year lease will commence at the COE, providing a long term and stable investment for a new investor.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 400+ locations across 26 states.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- FRANCHISE GUARANTEE – The lease is guaranteed by the Franchisee, a strong and growing 13-unit operator looking to expand to more locations.
- HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along 4th Street with heavy vehicle traffic.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Property Size
1,000 sq ft
Costar Property Class
C
Year Built
2019
Tenancy
Single
Number of Floors
1
Plot ratio
0.05
Total Plot Size
0.50 ac
Use Class
INC
Parking
5 Spaces (5 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signalised Intersection
- Drive Thru
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 088426281382049 | Improvements Assessment | £387,101 |
| Land Assessment | £76,094 | Total Assessment | £463,195 |
PROPERTY TAXES
Parcel Number
088426281382049
Land Assessment
£76,094
Improvements Assessment
£387,101
Total Assessment
£463,195
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