Scooter's Coffee

Highlights:

• LONG TERM LEASE – 13+ years remaining, providing a long term and stable investment for a new investor.
• 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.
• FRANCHISE GUARANTEE – The lease is guaranteed by the Franchisee, a strong and growing 19-unit operator looking to expand to 50 locations.
• GREAT SALES: This location generates sales over $1 Million annually, and has a rent to sales ratio of under 5%. Making this a very profitable location for the operator.
• MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years, operates 700+ locations across 33 states, and has aggressive expansion plans for the next several years.
• HIGH TRAFFIC AREA - The subject property is situated on a large corner lot and is in close proximity to County Road and N. Main Street, two major thoroughfares in the city of Princeton, and sees heavy vehicle traffic on a daily basis.
• LOW PRICE POINT - Listed at $900,000 provides a wonderful opportunity for first time investors to acquire and experience a single -tenant NNN investment with entry-level acquisition.

Description:

Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a Scooter’s Coffee. The subject property was originally built in 1982.

This absolute NNN lease has 2% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 2% annual rental increases. Additionally, the annual rent is set at a healthy and below market rent-to-sales ratio.

The Property has excellent visibility and is conveniently situated on a large corner lot along County Road and Highway 26. The property is in close proximity to Interstate 80, a main corridor in the area that sees heavy traffic on a daily basis. Nationally recognized tenants such as McDonalds, Subway, Wendy's, Dollar General, and Walmart, surround the property, further driving consumers to the area. This specific location offers a brand new 15-year lease, excellent corner lot visibility, a franchise guarantee, and zero landlord responsibility.

Scooter’s Coffee, headquartered in Omaha, NE has close to 650 locations across 24 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.

This Scooter's Coffee is located in Princeton, Illinois along a major thoroughfare in the area. This is an excellent location for an express coffee shop due to high daily traffic counts.

Princeton is an active city located two hours west of Chicago on Interstate 80. They have much to offer with many activities and seasonal festivals. Their two downtown retail districts offer a step back in time with a variety of specialty shops and businesses. Business can benefit by operating in Princeton thanks to an array of economic development incentives.

A Short Drive that Takes you Far: Indulge in the sophisticated charm of this small town's upscale boutique shopping and local art, vintage covered bridges and other historic landmarks. Located just far enough outside Chicago's suburban orbit to offer a real retreat. Princeton provides the well-deserved time-out busy people seek. Its easy accessibility via I80 and multiple daily Amtrak service means it's a haven well within reach.

Princeton, Illinois, is a place that doesn’t take long to get to, but offers a very different atmosphere than what you’d expect. It’s not the city, it’s not the suburbs, yet it offers a level of sophistication that you don’t expect from a small town. Princeton is in its own category. Located just far enough outside Chicago’s suburban orbit to offer a real retreat, Princeton is easily accessible via I80 and Amtrak. This small town offers big-city shopping opportunities, making it ideal for a weekend away.

In partnership with the community, the mission of the City of Princeton is to provide the highest quality municipal service to those who live, work and visit our community.

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