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Scooter's Coffee | 6.15% CAP | 15 YEAR LEASE 901 W Platt St 646 SF Retail Building Maquoketa, IA 52060 $1,155,038 CAD ($1,787.98 CAD/SF) 6.15% Cap Rate
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.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- HIGH TRAFFIC AREA – The subject property has excellent visibility along W Platt St, a major thoroughfare in the city of Maquoketa, seeing 10,000 VPD.
- LOW RENT-TO-SALES RATIO – The store operates at a healthy, below-market rent-to-sales ratio, supporting longterm sustainability.
- FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 27+ unit operator & the 2 time Scooter's Franchise of The Year award winner.
- RENTAL INCREASES – There are 10% rental increases every 5 years and during the option periods, providing an investor a hedge against inflation.
Executive Summary
Prime Net Lease is pleased to present a compelling opportunity to acquire the fee simple interest in a recently constructed Scooter’s Coffee location in Maquoketa, IA. Built in 2022, this high-performing site has been selected for a long-term sale-leaseback with one of Scooter’s Coffee’s top franchise operators, further underscoring the strength and proven success of the location.
At closing, the property will be delivered with a brand-new 15-year absolute NNN lease featuring 10% rental increases every 5 years and during the option periods, providing consistent income growth and strong inflation protection. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), offering added confidence in the tenant’s long-term sustainability and performance.
Strategically positioned along W Platt St, the property benefits from excellent visibility and exposure to approximately 10,000 vehicles per day. The site is surrounded by a strong mix of national and regional retailers, including McDonald’s, Subway, Dollar General, Casey's, Dollar Tree, and O'Reilly Auto Parts, all of which drive significant daily consumer traffic to the area. The combination of a newly built asset, long-term lease, absolute NNN structure with zero landlord responsibilities, strong franchisee, and high-traffic location makes this an outstanding investment opportunity.
Scooter’s Coffee, headquartered in Omaha, NE, has upwards of 900 locations across 30+ states. Founded in 1998, Scooter’s Coffee continues its rapid expansion and is firmly establishing itself as a leading national coffee brand.
At closing, the property will be delivered with a brand-new 15-year absolute NNN lease featuring 10% rental increases every 5 years and during the option periods, providing consistent income growth and strong inflation protection. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), offering added confidence in the tenant’s long-term sustainability and performance.
Strategically positioned along W Platt St, the property benefits from excellent visibility and exposure to approximately 10,000 vehicles per day. The site is surrounded by a strong mix of national and regional retailers, including McDonald’s, Subway, Dollar General, Casey's, Dollar Tree, and O'Reilly Auto Parts, all of which drive significant daily consumer traffic to the area. The combination of a newly built asset, long-term lease, absolute NNN structure with zero landlord responsibilities, strong franchisee, and high-traffic location makes this an outstanding investment opportunity.
Scooter’s Coffee, headquartered in Omaha, NE, has upwards of 900 locations across 30+ states. Founded in 1998, Scooter’s Coffee continues its rapid expansion and is firmly establishing itself as a leading national coffee brand.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
646 SF
Building Class
C
Year Built
2022
Price
$1,155,038 CAD
Price Per SF
$1,787.98 CAD
Cap Rate
6.15%
NOI
$71,035 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.32 AC
Frontage
140’ on Platt St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 646 SF
- -
- Triple Net
- -
Over time, Scooter’s Coffee cultivated and nourished strong emotional ties with their farmers, employees, franchisees, baristas, customers, and suppliers. It’s these ties that make up the very fabric of their brand and capture the magical essence of who they are and what they stand for. There’s Just Something About Scooter’s Coffee. In 1998, Scooter’s Coffee was born. Co-founders Don and Linda Eckles began an amazing journey when they opened their first drive-thru coffeehouse in Bellevue, Nebraska. Their keys to success: find a great location and stay committed to high-quality drinks, speed of service, and a BIG smile. Scooter’s Coffee is fortunate to have over two decades of success due to its commitment to the original business principles and company core values.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 646 SF | - | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 153172432706700 | Improvements Assessment | $398,909 CAD |
| Land Assessment | $97,499 CAD | Total Assessment | $496,408 CAD |
Property Taxes
Parcel Number
153172432706700
Land Assessment
$97,499 CAD
Improvements Assessment
$398,909 CAD
Total Assessment
$496,408 CAD
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Scooter's Coffee | 6.15% CAP | 15 YEAR LEASE | 901 W Platt St
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