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1187 E 1500 North Rd
Taylorville, IL 62568
Scooter's Coffee | 8 Unit Guarantee · Retail Property For Sale
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.
- RENTAL INCREASES – There are 10% rental increases every 5 years, providing an investor a hedge against inflation.
- HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and sees approximately 15,000 VPD.
- 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 backed by a proven and growing 6-unit franchisee, with two additional locations under construction.
- NEAR MAJOR RETAILERS & SCHOOL – The property benefits from a prime location near major retailers and Taylorville High School.
Executive Summary
Prime Net Lease is pleased to present a rare opportunity to acquire the fee simple interest in a Scooter’s Coffee location in Taylorville, IL. Built in 2021, this strong-performing property offers a 15-year sale-leaseback by a strong, growing, and profitable 6-unit operator (with 2 additional sites currently under construction) whose sales are steadily rising across the operating entity.
A brand-new, absolute NNN lease will commence at closing, featuring 10% rental increases every 5 years and five successive five-year extension options, each maintaining the same rental escalation structure. With zero landlord responsibilities, the lease offers true long-term passive income for investors.
The subject property is situated on a large corner lot with excellent visibility along E 1500 N Road and W Springfield Rd, a major thoroughfare in the city of Taylorville that sees approximately 15,000 vehicles per day. Surrounding major retailers include ALDI, Walmart, Dollar Tree, and Arby’s, all of which contribute to strong consumer traffic in the area.
Scooter’s Coffee, headquartered in Omaha, NE, operates 850+ locations across 31 states. Founded in 1998, Scooter’s Coffee continues to expand rapidly and establish itself as a powerhouse coffee brand.
A brand-new, absolute NNN lease will commence at closing, featuring 10% rental increases every 5 years and five successive five-year extension options, each maintaining the same rental escalation structure. With zero landlord responsibilities, the lease offers true long-term passive income for investors.
The subject property is situated on a large corner lot with excellent visibility along E 1500 N Road and W Springfield Rd, a major thoroughfare in the city of Taylorville that sees approximately 15,000 vehicles per day. Surrounding major retailers include ALDI, Walmart, Dollar Tree, and Arby’s, all of which contribute to strong consumer traffic in the area.
Scooter’s Coffee, headquartered in Omaha, NE, operates 850+ locations across 31 states. Founded in 1998, Scooter’s Coffee continues to expand rapidly and establish itself as a powerhouse coffee brand.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
648 SF
Building Class
B
Year Built
2021
Price
$1,516,835 CAD
Price Per SF
$2,340.80 CAD
Cap Rate
6.50%
NOI
$98,594 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.75 AC
Zoning
C-2
Parking
6 Spaces (9.26 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 17-13-16-400-011-00 | Improvements Assessment | $72,585 CAD |
| Land Assessment | $51,527 CAD | Total Assessment | $124,112 CAD |
Property Taxes
Parcel Number
17-13-16-400-011-00
Land Assessment
$51,527 CAD
Improvements Assessment
$72,585 CAD
Total Assessment
$124,112 CAD
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