Skip to main content

Restaurant

Scooter's Coffee

3212 Mt Vernon Rd SE, Cedar Rapids, IA 52403

Listing Price: $1,100,000

Cap Rate
6.50%
Tenant Name
Scooter's Coffee
Guarantor
Franchisee Guarantee
Rentable SF
666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.36

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to invest in a freestanding Scooter's Coffee location in Cedar Rapids, IA. The property is being offered as a sale-leaseback, with a brand new 15 year lease in place and built-in 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 is strategically located in a densely populated intersection with excellent visibility and easy access, 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 Fee Simple Ownership
  • Strong Brand With Major Growth Potential Ideal Quick Service Model For Contactless Dining

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Restaurant

Scooter's Coffee

Listing Price: $1,100,000

Cap Rate
6.50%
Tenant Name
Scooter's Coffee
Guarantor
Franchisee Guarantee
Rentable SF
666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.36

Investment Highlights

  • Brand New 15 Year Lease Absolute Net Leased Investment
  • 10% Rent Bumps Every 5 Years Fee Simple Ownership
  • Strong Brand With Major Growth Potential Ideal Quick Service Model For Contactless Dining

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to invest in a freestanding Scooter's Coffee location in Cedar Rapids, IA. The property is being offered as a sale-leaseback, with a brand new 15 year lease in place and built-in 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 is strategically located in a densely populated intersection with excellent visibility and easy access, making it an ideal location for Scooter's Coffee.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

MM Texture Background
MM Textured Background Lower