Restaurant
Scooter's Coffee
24123 75th St, Salem, WI 53168
Listing Price: $1,298,531
Cap Rate
6.50%
Tenant Name
Scooter's Coffee
Years Remaining On Lease
9.2
Gross SF
627
Guarantor
Franchisee Guarantee
Rentable SF
627
Price/Gross SF
$2,071.02
Lease Type
Absolute Net
Rent Per Square Feet
$134.62
Investment Overview
Perfect Hands off Investment for a Buyer Looking To Invest Out-Of-State
Scooter's Coffee
Investment Highlights
- Strategically Fronting 75th Street (±21,434 VPD)
- Site Slated to Experience Influx of Traffic After $13Million Street Improvement Is Complete in Nov '23
- Absolute NNN Lease w/ Zero Landlord Responsibilities
- Fee-Simple Ownership of the Building and Land
- Avg Household Income in 3-Mile Radius: $111,936
- Strong Franchisee - Hart Family Coffee (HFC) Is a Rapidly Expanding Scooter's Coffee Franchisee That Will Grow To 16 Locations by the End of 2023, With Plans to Eventually Operate 40 Locations Across the Midwest. The Same Partnership Owners of HFC Also Operate Within the Hospitality, Multifamily, Commercial, and Food/Beverage Industries.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
Listing Price: $1,298,531
Cap Rate
6.50%
Tenant Name
Scooter's Coffee
Years Remaining On Lease
9.2
Gross SF
627
Guarantor
Franchisee Guarantee
Rentable SF
627
Price/Gross SF
$2,071.02
Lease Type
Absolute Net
Rent Per Square Feet
$134.62
Investment Highlights
- Strategically Fronting 75th Street (±21,434 VPD)
- Site Slated to Experience Influx of Traffic After $13Million Street Improvement Is Complete in Nov '23
- Absolute NNN Lease w/ Zero Landlord Responsibilities
- Fee-Simple Ownership of the Building and Land
- Avg Household Income in 3-Mile Radius: $111,936
- Strong Franchisee - Hart Family Coffee (HFC) Is a Rapidly Expanding Scooter's Coffee Franchisee That Will Grow To 16 Locations by the End of 2023, With Plans to Eventually Operate 40 Locations Across the Midwest. The Same Partnership Owners of HFC Also Operate Within the Hospitality, Multifamily, Commercial, and Food/Beverage Industries.
Investment Overview
Perfect Hands off Investment for a Buyer Looking To Invest Out-Of-State
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
