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Views: 42 DOM: 59 Updated: 05.20.24 Posted: 04.14.24 Status: Active

Summary

Price $1,785,714
Built/Renov 2021
Tenant Scooter's Coffee
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 664
Lease Start 07-01-2024
#Units 5
Price/SF $2,689.33
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $188.25
Increases 2.0%/1/yrs
Pop 5Mi 9,063
Lot/AC 0.00
Options 4/5yrs/2%
AHHI 5Mi $76,346

Lease Highlights

  • Scooter’s Coffee will be executing a brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 2% annual rental escalations throughout the initial term and option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by 3 Kings Coffee (5 units backed)

Location Description

Scooter's Coffee is strategically located on W Van Buren St, along Highway 54, the main retail and industrial corridor, offering excellent visibility. The property benefits from its close proximity to Lincoln Elementary School, Clinton Elementary School, Clinton High School, and other educational institutions. Surrounding the area are well-known national tenants including Casey’s, Dairy Queen,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Scooter's Coffee
  • Guarantor:Franchisee
  • Company:3 Kings Coffee
  • # Units:5
  • Stock:Private

About Tenant

Scooter’s Coffee is an American drive-thru specialty coffee kiosk chain. The private company is one of the fastest-growing drive-thru coffee franchises in the nation. Scooter’s prides itself on...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,506 7,624 8,775
2023 Total Population : 5,647 7,821 8,998
2023 Employed Civilian Pop : 2,628 3,712 4,284
2023 Total Businesses : 282 364 385
2023 Average Household Income : $ 71,666 $ 74,821 $ 77,544
2023 Total Consumer Spending : $ 159 M $ 227 M $ 266 M
2023 Median Age : 42 42 43
2023 Total Households : 2,551 3,482 3,940
2023 Pop Age 25+: Bachelor's Degree : 510 774 981
2023 Average Home Value : $ 130,245 $ 142,148 $ 157,786
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
IL 10;IL 54 S Poplar St 2021 7,350 0.03 mi
West Leander Street Rosewood Dr 2022 750 0.06 mi
State Route 54 S Poplar St 2005 10,700 0.08 mi
W Leander St 2022 750 0.09 mi
State Route 54 S Poplar St 2005 9,100 0.10 mi
West Leander Street W Leander St 2018 950 0.10 mi
IL 10;IL 54 S Grant St 2021 8,650 0.13 mi
Martin Dr 2022 750 0.14 mi
West White Street S Mulberry St 2022 350 0.15 mi
West South Street W South St 2018 275 0.15 mi

Listing Broker

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