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Restaurant

Scooter's Coffee

1007 Princeton St, Vermillion, SD 57069

Listing Price: $1,200,000

Cap Rate
6.00%
Tenant Name
Scooter's Coffee
Guarantor
Personal Guarantee
Rentable SF
561
Lease Type
Absolute Net
Rent Per Square Feet
$128.34

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to invest in a freestanding Scooter's Coffee location in Vermillion, South Dakota. The property is being offered as a sale-leaseback, with a brand new 15 year lease in place and built-in 10% rent increases to hedge against inflation. This is a great chance to own a well-established, high-profile property with a secure tenant in place. The property offers a rare hard corner location, excellent visibility, and easy access. This site is shadow anchored by a Walmart Supercenter and just steps away from the University of South Dakota, making it an ideal location for Scooter's Coffee.

Investment Highlights

  • Brand New 15 Year Lease
  • Absolute Net Leased Investment
  • 10% Rent Bumps Every 5 Years

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Financing By

Restaurant

Scooter's Coffee

Listing Price: $1,200,000

Cap Rate
6.00%
Tenant Name
Scooter's Coffee
Guarantor
Personal Guarantee
Rentable SF
561
Lease Type
Absolute Net
Rent Per Square Feet
$128.34

Investment Highlights

  • Brand New 15 Year Lease
  • Absolute Net Leased Investment
  • 10% Rent Bumps Every 5 Years

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to invest in a freestanding Scooter's Coffee location in Vermillion, South Dakota. The property is being offered as a sale-leaseback, with a brand new 15 year lease in place and built-in 10% rent increases to hedge against inflation. This is a great chance to own a well-established, high-profile property with a secure tenant in place. The property offers a rare hard corner location, excellent visibility, and easy access. This site is shadow anchored by a Walmart Supercenter and just steps away from the University of South Dakota, making it an ideal location for Scooter's Coffee.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

Financing By

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