Scooter's Coffee - NNN | 15 Year Lease 630 Tenney St 650 SF Retail Building Kewanee, IL 61443 £706,669 (£1,087.18/SF) 6.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
- FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 28+ unit operator and the Scooter's Franchise of The Year award recipient.
- MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years, operates 800+ locations across 30 states.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along the IL 78, seeing 10,000+ VPD.
EXECUTIVE SUMMARY
Prime Net Lease is pleased to present a rare opportunity to acquire the fee simple interest in a newly constructed Scooter’s Coffee location. Built in 2023, this high-performing site has been selected for a long-term, 15-year sale-leaseback by one of Scooter’s Coffee’s top franchise operators, further reinforcing the strength and success of the location.
A brand-new, absolute NNN lease will commence at closing, featuring 2% annual rental increases and four successive five-year extension options, each maintaining the same rental escalation structure. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), ensuring long-term sustainability and investor confidence.
Strategically positioned on a high-visibility corner lot along IL-78, the property benefits from over 10,000 vehicles per day and close proximity to major national retailers, including Walmart, Verizon, Arby’s, Subway, Burger King, and Aldi, all of which drive significant consumer traffic to the area. The combination of a brand-new 15-year lease, absolute NNN structure with zero landlord responsibilities, excellent visibility, and a strong surrounding tenant mix makes this an outstanding investment opportunity. For more details, contact us today.
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.
A brand-new, absolute NNN lease will commence at closing, featuring 2% annual rental increases and four successive five-year extension options, each maintaining the same rental escalation structure. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), ensuring long-term sustainability and investor confidence.
Strategically positioned on a high-visibility corner lot along IL-78, the property benefits from over 10,000 vehicles per day and close proximity to major national retailers, including Walmart, Verizon, Arby’s, Subway, Burger King, and Aldi, all of which drive significant consumer traffic to the area. The combination of a brand-new 15-year lease, absolute NNN structure with zero landlord responsibilities, excellent visibility, and a strong surrounding tenant mix makes this an outstanding investment opportunity. For more details, contact us today.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
650 SF
Building Class
B
Year Built
2023
Price
£706,669
Price Per SF
£1,087.18
Net Initial Yield
6.40%
NOI
£45,227
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
0.60 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-04-480-014 | Improvements Assessment | £121,333 |
| Land Assessment | £4,952 | Total Assessment | £126,285 |
