Scooter's Coffee

614 West Van Buren Street, Clinton, IL 61727

$1,666,666

Cap Rate 7.50%

Views: 76 DOM: 104 Updated: 07.26.24 Posted: 04.14.24 Status: Active

Summary

Price $1,666,666	Built/Renov 2021	Tenant Scooter's Coffee
Cap Rate 7.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 664	Lease Start 07-01-2024	#Units 5
Price/SF $2,510.04	Expiration 06-30-2039	Tenant Type Fast Food/QSR
NOI $125,000	R. Term 14.11	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

Tom Fritz

Northmarq

Contact

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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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Scooter's Coffee Wikipedia Clinton, Illinois Zip Code 61727 Broker Site Page

Maps

Local Information

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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